The CANGAROO-III project,which consists of an array of four 10 m imaging Cherenkov telescopes,has just started being constructed in Woomera, South Australia,in a collaboration between Australia and Japan. The first stereoscopic observation of celestial high-energy gamma-rays in the 100 GeV region with two telescopes will start in 2002,and the four telescope array will be completed in 2004. The concept of the project and the expected performance are discussed.