Rabaul Archdiocese to set up trust fund

National

THE Rabaul Catholic Archdiocese plans to use the money from the sale of a piece of land it owns to set up a trust fund for education and health, says Archbishop Francesco Panfilo .
He said the land at Rapopo Plantation was now under the management of the East New Britain Development Corporation. It is responsible for the development of the 137.69 hectares of land at the Rapopo Plantation in Kokopo.
He said because the Rapopo plantation was run to support the work of the Chanel Seminary, proceeds of the sale would also be used to support the work of the seminary.
“The proceeds from the sale of Rapopo would be used by the archdiocese to establish a trust fund for education and health, assist the Diocesan Seminarians of Papua New Guinea and the Solomon Islands, Rapolo seminary, the new secondary teachers college at Ulapia and for the construction of a new church and conference centre at Rapopo,” he said.
He said the archdiocese realised that the land which was a prime residential and commercial land needed to be developed by an appropriate developer which represented the best interests of ENB.
Rapopo comprises 137.39 hectares of land and was part of the 166-hectare Rapopo plantation. It was run to support the work of the Chanel Seminary.
The plantation was closed in 2009 due to the closure of the seminary.

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