For more than a decade, Australian billionaire Clive Palmer has been the driving force behind plans to build Titanic II – a replica of the ill-fated ship that sank in 1912 with more than 2,200 people on board.
Only about 700 survived, creating history as the world’s most disastrous voyage – and the light bulb of an idea for a billionaire with an interest in cruising and cash to burn.Six years later, he’s done it again, relaunching the project on Wednesday during a press briefing at Sydney Opera House against the backdrop of the city’s famed harbour.
Right now, Palmer expects the winning bidders to be based in Europe. He doesn’t believe Chinese standards are up to the task, he told reporters. The tragedy inspired James Cameron’s Oscar-winning 1997 blockbuster “Titanic,” starring Leonardo DiCaprio and Kate Winslet, and has fascinated amateur explorers drawn to the wreck.
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