Yesterday entrepreneur João Doria claimed an unprecedented first round win in the elections for São Paulo City Mayor. His victory at Brazil’s largest and richest city came along with a nationwide collapse of the PT Worker’s Party following a long series of corruption scandals during its 13 years in power now exposed.
Whilst those political and legal circumstances set new parameters of transparency and governance, the shift to a liberal business-friendly mentality at the São Paulo City Hall, for instance, also comes with the promise of new opportunities for international players.
The mayor-elect, who had based his municipal campaign on State downsizing and meritocracy in the administration, now anticipates privatization of public assets like the Anhembi exhibition complex and the Interlagos race circuit among others. Doria also hints the elaboration of PPPs in different areas, yet another source of potential interest to investors.
Naturally the effectiveness of the new administration’s policies remains to be seen. The city is huge and complex, so some degree of resistance even to common sense initiatives is not unlikely to materialize. If however the future mayor succeeds in using the force of a colossal 53% straight electoral victory for audacious steps, São Paulo may prove to be the ultimate laboratory for similar well-fated moves across the country in the next few years.
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