NEW YORK- Flamboyant Australian tycoon Clive Palmer unveiled his plan Tuesday for building a perfect replica of the Titanic — plus a lot of extra lifeboats. More than a century after the original, supposedly unsinkable ocean liner hit an iceberg and went down in the North Atlantic, Palmer says he thinks the time has come to complete the unfinished journey to New York. “The Titanic was the ship of dreams. Titanic II is the ship where dreams will come true,” Palmer said in New York at the project’s official launch. Featuring the same rigid divisions as in 1912 between first, second and third class, passengers will eat either in an ornate dining room or at a long common table. “There’ll be no mingling” between classes, Palmer said. Passengers in the luxury section will enjoy the identical grand staircase and reproductions of the original Titanic’s Turkish bath and swimming pool. Rebuffing public skepticism about the project, Palmer said a contract could be signed with China’s CSC Jinling Shipyard within days, with construction starting by the end of this year and the launch in 2016. He wouldn’t say what it will all cost. “Certain people, certain individuals spend too much time in the pub or the bar saying, ‘Oh that will never happen’,” he said. Palmer refused to give the estimated cost, stating bluntly: “I’m funding this myself because I want to spend the money I’ve got before I die.” A larger-than-life character who has made a fortune in mining, Palmer said he was unfazed by the seeming temptation of fate in giving one of the unluckiest shipping projects in history a second chance.