Clive Palmer has signed a deal with a Finnish company to oversee the building of Titanic II.
The Queensland mining magnate is building a replica of the original Titanic cruise ship that sank on its maiden voyage in 1912 from Southampton to New York.
IN PICS: SEE PLANS FOR TITANIC II
Mr Palmer, chairman of China's Blue Star Line which is building the ship, announced it signed a contract earlier this month with Finland's Deltamarin to oversee the project's development.
"Deltamarin will be responsible for coordinating the various parties involved in the project including the shipyard, architects, interior designers and operations managers," Mr Palmer said in a statement.
The Finnish firm will review the project to ensure Titanic II will meet safety and construction regulations.
Titanic II will have every modern amenity along with the latest navigation and safety systems.