A Chinese company is rebuilding a full-scale replica of the RMS Titanic, the legendary luxury liner that sank in 1912 after hitting an iceberg during its maiden voyage.

The replica, which will cost an estimated 1 billion yuan ($160 million), will be permanently docked in a reservoir in the Qijiang River in Daying county, Sichuan province, as part of a tourism resort.

Su Shaojun, chairman of Seven Star Energy Investment, which is behind the project, said the replica Titanic will be exactly the same size as the original - 269 meters long and 28 meters wide.