Cabinda secures sovereign funding

Cabinda will be built in two phases, with phase 1 to include the construction of a 630m long terminal connected to the shore via a two kilometre long connection bridge. The access channel will be 15 m deep and the terminal will benefit from a water depth of 14 m. Port facilities will include a free trade zone, state-of-the-art ship repair, storage and unloading.

Commenting on the project, Jose Filomeno dos Santos, chairman of the board of directors, FSDEA, said: “Investments in the industrial sector and infrastructure support trade in the sub-Saharan region have shown high rates of profitability and resistance to the risk associated with the countries on our continent.

“Allocating capital to maritime infrastructure and logistical and industrial support in Angola allows diversifying other investments in the international financial markets present in FSDEA’s portfolio. Through the project, in particular, we aim to create more than 20,000 jobs and add value to our national growth.”