Scheduled for completion around 2018, the GMT will have the resolving power of a 24.5-meter (80 foot) primary mirror.
The Australian government announced that it will fund their full participation in the GMT project at the level of $88M AUD.
The GMT will be be built north of La Serena at Las Campanas.
http://www.gmto.org/
http://www.gmto.org/imagegallery
http://www.gmto.org/imagegallery/gmtaeriallarge