The vessel 18 feet (5-1/2 feet) is able to raid more than 36,000 feet below the surface, "said Branson at a press conference in Newport Beach, California.
His project, called Oceanic Virgin, doing five dives over two years. The first is expected by the end of the year, when the team plans to explore the Pacific Ocean, is located near the Mariana Trench at a depth of 36,000 feet.
Branson plans to test a second dive yourself into the pit of Puerto Rico in the Atlantic.
Other areas to explore are the depths Molloy in the Arctic Ocean, South Sandwich Trench in the Southern Ocean and Indian Ocean Diamantina.
"It 's just so much to explore, so much to see," Branson told reporters. "Obviously, we will be faced with some fascinating creatures and learn some interesting things, which we hope will be useful to mankind."
Branson said he expects the project to cost less than $ 10 million.
Said Richard Branson's Virgin Oceanic someday be able to take passengers on diving in deep water, as well as its proposed Virgin Galactic may one day take wealthy passengers on suborbital flights.
Branson launched Virgin chain of record stores in 1970 and commercial operations have expanded to include a record of Music and Virgin Atlantic Airlines.
He used his wealth to fund such efforts as attempts to circumnavigate the globe in a balloon and set records sailing.
Last month, suborbital spaceship owned by Branson's Virgin Galactic was affixed to the flight of three hours of air carrier on the Mojave Desert in California.
Test flights are planned until 2011 in a commercial operation in 2012.
The company has collected deposits and rates of over 330 aspiring amateur astronauts, each will be charged $ 200,000 to experience suborbital space flights.
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