A visitor walks past a portrait of the Titanic at a 2004 Titanic artifact exhibition in Shanghai, China. (LIU JIN/AFP/Getty Images)

A company in China has announced plans to build a life-size replica of the Titanic, the famous luxury liner that sank in 1912, complete with a simulation of the iceberg collision that will give visitors a feel of the shipwreck.

Seven Star Energy Investment, based in China's Sichuan province, said in a press release that the replica is expected to cost 1 billion yuan ($165 million) and will be the main attraction for a planned theme park located in land-locked Daying County in Sichuan.

"When the Titanic was about to sink, the and that spirit goes beyond borders and it is eternal," Seven Star CEO Su Shaojun said in an interview with the state-run Xinhua news agency."We chose to rebuild the Titanic in China so that such spirit can be promoted or inherited in the East."

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Aside from a museum and full-scale replica, which will measure 885ft-long, the company is planning a shipwreck simulation will what the collision was like, according to Reuters.

"When the ship hits the iceberg, it will shake, it will tumble," Su said. "We will let people experience water coming in by using sound and light effects ... They will think, 'The water will drown me, I must escape with my life'."

The company said it , reported CNN.

The original ill-fated ocean liner, which sank on April 15, 1912 during its maiden voyage, taking more than 1,500 lives, has been , according to the New York Times. The 1997 James Cameron film “Titanic,” was the highest-grossing film in China for more than a decade.

The company, however, is not the first to announce and attempt a reconstruction of the Titanic. Australian tycoon of the ship, which is scheduled to make its first Atlantic crossing in 2016.

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Sept. 1929: First-class passengers playing deck tennis aboard New Orient liner 'Orontes' during a cruise in the English Channel. (Puttnam /Topical Press Agency/Getty Images)