Sentences with phrase «white elephant infrastructure»
When oil gets scarce you'll be stuck with white elephant infrastructure.
https://dotearth.blogs.nytimes.com/ Not exact matches
«Almost by definition, huge infrastructure projects, especially those in the developing world, are white elephants,» says Lam of the Chinese University of Hong Kong.
Besides inflating the largest real estate bubble in world history, this massive infusion of debt also financed many white elephant projects, such as useless infrastructure and excess steel, automobile, and cement factories.
While Fayemi spent the bond money for infrastructure development of the state, including major roads, street lightening, school renovation, government lodge / office, a civic centre, the Ikogosi warm spring resort and Ire Burnt Bricks Company, among others; Fayose had opted for white elephant projects including an airport and a flyover.