Clive Palmer, one of Australia's wealthiest men, has requested a China state-owned company to develop a Twenty-first Century version of the titanic.

The exploration billionaire informed Australia press that development will start at the end of next year.

It would be willing to set cruise in 2016.

The strategy, he included, is for the vessel to be as identical as possible to the unique titanic in style and requirements, but with today's technological innovation.

Mr Palmer informed Australia press that he had signed a memorandum of understanding with CSC Jinling Shipyard to create the ship.

"It will be every bit as magnificent as the unique Titanic but of course it will have state-of-the-art Twenty-first Century technology innovation and the newest routing and protection techniques," he said in a statement.

The declaration comes just several weeks after the centenary of the falling of the ill-fated Titanic.

The boat , the biggest high-class ship in it is time, struck an iceberg on its first journey from Southampton to New You York. It went down on 15 Apr 1912, making more than 1,500 dead.

"Of course it will drain if you put an opening in it,'' Mr Palmer said in reaction to concerns from correspondents on whether the Titanic imitation would drain.
Titanic The Titanic was believed to be 'unsinkable'

The new boat is organized to cruise from London to New You are able to in late 2016, if all goes as prepared.

"It is going to be developed so it won't sink,'' he included. ''But, of course, if you are superstitious like you are, you never know what could occur.''

The price of the development is not known, a spokesperson for Mr Palmer informed Australia press.

The mining magnate from Queensland, who has powerful business interaction with Chinese , has extended into travel and leisure. He has a high-class hotel on the Sunlight Shore and has programs to develop a navy of high-class ships.

His strategy to develop the Titanic replica was declared on the same day that he unveiled programs, in a individual information meeting, to competition the next government selection in Queensland.

He informed reporters that he has indicated attention in status for Queensland's Liberal National Party (LNP), part of the traditional resistance at government stage, in the Brisbane seat of Lilley - currently organised by Deputy Prime Minister and Treasurer Wayne Swan.