A rendering of the of the Titanic II. Credit: Blue Star Liner via CNN

During the early hours of April 5, 1912 the luxury RMS Titanic struck an iceberg and sank the “unsinkable ship”, consequently becoming one of the most infamous tragedies of the time. Now 106 years after the accident, it has been announced that the British steamship will be recreated, setting sail in 2022.

Recreated in an identical build set to cost roughly $500 million, the replica ship is estimated to be able to hold approximately 2,400 passengers, 900 crew members and will travel from Dubai to Southampton before making the journey across the Atlantic, the same as the original route according to CNN. With its first scheduled sail to take off in 2022, the Titanic II will be constructed with a welded, not riveted hull, and will be decked out with plenty of life rafts.

Politician Clive Palmer, who is behind the project released a statement saying, “The ship will follow the original journey, carrying passengers from Southampton to New York,” Palmer said in a statement last month. “But she will also circumnavigate the globe, inspiring and enchanting people while attracting unrivalled attention, intrigue and mystery in every port she visits.”

The idea to recreate the Titanic was originally pitched in 2012, with plans to unveil the ship in 2015. However after a dispute with the Chinese government, the production was until now.