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A Princess Diana statue will be erected on the grounds of Kensington Palace

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Prince William and Prince Harry announced plans to build a statue to honor their late mother, Diana Princess of Wales.

"It has been twenty years since our mother's death and the time is right to recognise her positive impact in the UK and around the world with a permanent statue," Prince William and Prince Harry said in a statement


The statue, which will be paid for with private funds, will be erected in the public gardens of Kensington Palace. 

ABC News reports that the princes have established a commission to raise money and oversee the statue's design. Former Equerry Jamie Lowther Pinkerton; Princess Diana's oldest sister, Lady Sarah McCorquodale; and Julia Samuel, the princess' best friend are among those serving on the commission. 

This is just one of the many ways the princes intend to honor their mother's memory. They also plan to have white roses and forget-me-nots planted in the Sunken Garden at Kensington Palace. 

Kensington Palace said the goal is to unveil the statue of Diana before the end of 2017. 

Prince Harry told ABC News he and his brother hope to keep her legacy alive. "We will do everything we can to make sure that she's never forgotten and carry on all the special gifts, as such, that she had and that she portrayed while she was alive," he told ABC News' Robin Roberts. 

Princess Diana died in a car crash in August 1997. 

The Associated Press contributed to this report. 

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