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!
2. Then we built an airport for $210 million that lies empty. Again borrowings at commercial rates.
news.com.au/travel/destina…
3. Then we spent $ 26 million to build a cricket stadium 🏟 that has hosted no matches.
economynext.com/sooriyawewa-st…
4. $15.3 million to build an empty convention center
ft.lk/News/hambantot…
5. These unproductive projects equate to 18% of the project cost for building a modern LRT in Colombo!
End
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