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Managua Council approves creation of the Municipal Company of Sports Facilities and Promotions (EMPDE)

The members of the three political benches that make up the Municipal Council unanimously approved the creation of the Municipal Company of Sports Facilities and Promotions (EMIPDE), attached to the capital commune.

This new municipal company will come into effect as of its approval by the Managua Council, its duration will be indefinite, and it may create branches throughout the national territory individually or in partnership with different municipal companies in the country.

The main objective of EMIPDE will be the administration of all municipal sports facilities.

It should be noted that the administration and representation of EMIPDE will be made up of a Board of Directors made up of the Mayor as President, the Vice Mayor as Vice President, the Secretary General, the Secretary of the Municipal Council, three proprietary councilors, taking into account the plurality of the political forces that make up the Council.

The initial capital stock of the Company will be 15 million córdobas and may be increased by future allocations from the Mayor's Office of Managua or by economic resources generated by the same Company.

The approval of the creation of EMIPDE was made official in the Fifty-sixth Ordinary Session of the Managua municipal collegiate body.

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