Eldora Mountain Resort on Tuesday announced that a new high-speed detachable six-person chairlift will be installed in time for the 2017-18 ski season.

It will replace the Cannonball and Challenge fixed double and triple chairlifts at the base of the mountain, which have been in place since 1973 and 1977, respectively.

“This new high-speed lift is another significant improvement that will greatly enhance the Eldora experience for our snowsports community,” Brent Tregaskis, general manager at Eldora, stated in a news release. “The new lift comes on the heels of other recent guest facing improvements such as installing Wi-Fi, replacing the domestic water supply, refurbishing lodge areas, updating restrooms and adding three new advanced runs.

The lift, which will be named through a contest, will have a ride time of approximately four and a half minutes with more than a 1,000-foot vertical rise covering 3,829 feet in length and a capacity of 3,600 people per hour.

Construction is set to begin after Eldora’s closes operations for the winter season.