The Export-Import Bank of China is lending Angola as much as $600 million for the construction of a deep-sea port in the northern enclave of Cabinda, according to Jose Filomeno dos Santos, the chairman of Angola’s sovereign wealth fund. The first phase of the port, which will include a 630-meter (2,070-foot) container terminal, ship-repair facilities, warehouses, a power plant and a free-trade zone, will be completed in the second half of this year, Dos Santos said in an interview in London on Tuesday. The work is being carried out by a Chinese construction company. Fundo Soberano de Angola, the wealth fund known by its Portuguese acronym FSDEA , is investing $180 million from its infrastructure fund in return for a 50 percent stake in Caio Porto, the company operating the project, Dos Santos said. The other half is owned by Angolan investors whom Dos Santos declined to identify. The […]