The New Robotic Telescope (NRT) is an international collaboration to build and operate a 4m diameter fully robotic telescope. The telescope will take advantage of the superb atmospheric conditions at the Observatory of the Roque de los Muchachos (ORM). In conjunction with a large aperture, entirely robotic operation, quick response, and a set of versatile instrumentation in the optical and near-infrared this guarantees a high scientific impact focused mainly in the area of time domain astronomy. This paper presents the scientific motivation and the status of the project, discussing possible technical solutions under evaluation for the optics, mechanics and control system.