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Sri Lanka 
spent $104 million to build this with borrowings at commercial rates, then cancel the LRT project that gave the country a 14 year grace period at 0.01% interest rate. The reason given was the second was too expensive!
spent $104 million to build this with borrowings at commercial rates, then cancel the LRT project that gave the country a 14 year grace period at 0.01% interest rate. The reason given was the second was too expensive!
2. Then we built an airport for $210 million that lies empty. Again borrowings at commercial rates. https://www.news.com.au/travel/destinations/asia/the-lavish-airport-pretty-much-no-one-uses/news-story/c3e62865b750c68684faf319d55c32a3
3. Then we spent $ 26 million to build a cricket stadium 
that has hosted no matches. https://economynext.com/sooriyawewa-stadium-costs-queried-44168/
that has hosted no matches. https://economynext.com/sooriyawewa-stadium-costs-queried-44168/
4. $15.3 million to build an empty convention center http://www.ft.lk/News/hambantota-international-convention-centre/56-38099
5. These unproductive projects equate to 18% of the project cost for building a modern LRT in Colombo!
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