Titanic go-ahead confirmed

Billionaire Clive Palmer officially announces go-ahead for Titanic 2 in New York saying "I can pay for it. It will be built and today's history is being made. Other ships are like apartment blocks. This will be different. Some have offered £750,000 to be on the first trip from Southampton ."

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Go-ahead for the new Titanic

An Australian billionaire, Clive Palmer, will today announce he is going ahead with plans to build a full size replica of the Titanic.