It's Back?

Yes, the rumors are in fact true. Clive Palmer, an Australian billionaire has announced that he will fund the construction of the "Titanic II." It will be an exact replica as the original one with the same dimensions, but will be upgraded to modern day technology (yes that includes iceberg detection). Right now it is scheduled to be completed by 2016, and will set sail on it's maiden voyage from England to New York later that year. It will be also escorted by the Chinese navy which will ensure the safety of the passengers. Palmer said he dedicated the construction the men and women who died on the original, now over 100 years ago.

http://news.yahoo.com/australian-billionaire-build-titanic-ii-012105815--finance.html