The plasma system and diagnostics of the new facility GOL-3T are described. This facility is the final result of the first stage in the deep upgrade of the GOL-3 multiple-mirror system, which has operated at the Budker Institute of Nuclear Physics since 1988. The upgrade project supposes creation of two new independent facilities at the site of GOL-3. The GOL-3T facility is intended to study the physics of beam—plasma interaction and generation of subterahertz electromagnetic radiation during the collective relaxation of a high-power relativistic electron beam with a duration of 5-10 μs. Studies on the physics of multiple-mirror plasma confinement in axisymmetric magnetic systems will be continued in a new range of experiment parameters at the second facility, named GOL-NB.