Australian billionaire to build Titanic II

Mr Palmer said the boat will have the same dimensions as the Titanic and will
replicate its design as closely as possible but will have “state of the
art engineering”. The only differences will be below the water line, he
said, and will include a bulbous bow for greater fuel efficiency and diesel
generation, plus an enlarged rudder and bow thrusters for improved
manoeuvrability.

“Titanic II will be the ultimate in comfort and luxury with on-board
gymnasiums and swimming pools, libraries, high class restaurants and luxury
cabins,” he said.

Australian mining billionaire, Clive Palmer (EPA)

Mr Palmer, whose wealth is estimated at more than £3 billion, is well known in
Australia for his outlandish whims and gestures and controversial views. He
once bought Mercedes Benz cars for 55 of his top employees after a
particularly good year and recently announced plans to set up a rival
domestic football league because his team, Gold Coast United, was axed. The
axing followed Mr Palmer’s decision to change his team’s T-shirts and
replace the logo of the main sponsor with the words “Freedom of Speech”;
the sponsor was a hotel chain with which Mr Palmer was embroiled in a legal
dispute, .

Mr Palmer, a life member of the conservative National Party, coupled his
announcement of his Titanic II plans with a declaration today that he
intends to run against the Treasurer, Wayne Swan, in the Queensland seat of
Lilley at the next election. Mr Swan said on Twitter he was “over the
moon to fight in Lilley … against Clive”.

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