An Australian billionaire has admitted that his plans to build a replica of the Titanic will earn him "a lot of money" but denied this was his motivation for the project.
Mining tycoon Clive Palmer wants his Titanic II passenger liner to sail from Southampton to New York in just three years' time.
Critics say the project will never be a reality and is in bad taste, given that more than 1,500 people - including 500 Britons - died when the Titanic struck an iceberg on her maiden voyage in 1912, reports Sky News.
But Palmer said his vessel would "pay tribute" to the dead and stop them from being forgotten.
Palmer said he is trying to avoid the media and that he does not need publicity. He claimed he has enough money to build the Titanic ten times over if he wanted to.
At 883ft the Titanic II will be three inches longer than the original. It will have a total of 835 first, second and third class cabins and will be able to carry 2,435 passengers and 900 crew.
Palmer said he wanted passengers to experience what it was like in 1912.
The new ship will be a mix of modern technology and original designs, but Palmer insisted there will be no internet connection, so people would have to speak to each other rather than be checking their emails and Twitter accounts. (ANI)