Climate & Scientific Infrastructure — Antarctica (Ross Sea sector)
LiveGT-2026-013· Listed Mar 25, 2026

Southern Ocean Polar Science & Logistics Platform

Multi-nation polar research and re-supply logistics hub underpinning Southern Ocean climate monitoring and Antarctic Treaty science.

Antarctica (Ross Sea sector) · Antarctica Climate & Scientific Infrastructure Project Finance — Infrastructure Closes Nov 30, 2026
Raise Target
$92.0M
Committed
$47.5M
Min Ticket
$3.0M
Target Return
9–11% IRR
Horizon
12–15 yrs
52% subscribed · $44.5M remaining

Executive Summary

Development of a low-impact ice-shelf logistics hub — including a hardened runway apron, fuel-efficient re-supply vessel charter, and modular research-station upgrades — supporting five national Antarctic programs' climate and ice-sheet monitoring missions. Long-term service contracts with national science agencies and one multilateral polar research consortium underpin recurring, non-cyclical cash flows.

Investment Thesis

  • Antarctic ice-sheet monitoring is a global climate-modelling priority with structurally growing multi-government budgets.
  • 10-year service agreements with five national Antarctic programs cover 88% of platform capacity.
  • Environmental Protocol (Madrid Protocol) compliance embedded from design stage minimises permitting risk.

Use of Funds

Runway apron & hardstand infrastructure35%
Low-emission re-supply vessel charter/retrofit30%
Modular research station upgrades20%
Environmental monitoring & contingency15%

Financial Snapshot

Annual service revenue (steady-state)
USD 16.8M
DSCR (base case)
1.55x
Equity IRR (base case)
10.2%
Payback
9.4 yrs

Transaction Structure

USD 65M senior infrastructure debt (multilateral + export credit agencies), USD 27M sponsor and DFI equity. Deal Room slice in senior debt.

Risk & Mitigation

Key Risks
  • · Extreme operating environment logistics risk
  • · Multi-jurisdictional treaty governance
  • · Long asset-mobilisation lead times
Mitigants
  • Redundant logistics windows across two Antarctic summer seasons
  • Antarctic Treaty Secretariat-aligned governance and insurance framework
  • Fixed-price marine and civil EPC contracts with experienced polar contractors

Timeline & Milestones

  1. 2025 Q1
    Environmental Impact Evaluation lodged
  2. 2025 Q3
    National program service agreements signed
  3. 2026 Q1
    Senior debt commitment (ECA club)
  4. 2026 Q4
    Financial close
  5. 2028 Q1
    Hub operational (first austral summer season)

Sponsor

Austral Research Infrastructure Consortium

Austral Research Infrastructure Consortium comprises three national Antarctic logistics operators and a specialist polar engineering firm, with a combined 60 years of Southern Ocean operating experience.

ESG & Impact

  • Madrid Protocol full compliance and independent environmental monitoring
  • 40% reduction in fuel burn vs. legacy re-supply logistics
  • Open-data climate research access commitment

Data Room

Investor Brief
PDF · 18 pp
Environmental Impact Evaluation Summary
PDF
Verified Access
Financial Model
XLSX
Verified Access
National Program Service Agreements (redacted)
PDF
Verified Access

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