China builds more infrastructure white elephants
It is estimated that China has wasted around 42t yuan on "ineffective investment" in five years from 2009
Add BT as a preferred sourceDachangshan Island, China
WHEN officials reopened the airport on the sparsely populated Dachangshan island off China's north-east coast after a US$6 million refurbishment in 2008, they planned to welcome 42,000 passengers in 2010 and another 78,000 in 2015. However, fewer than 4,000 passengers - or just a 10 a day - passed through its gates in 2013, data from China's civil aviation authority showed.
Since February last year, China has approved at least 1.8 trillion yuan (S$397 billion) in new infrastructure projects to counter a slowing economy. The approvals come just as the full costs of the underused airports, expressways and stadiums built during the last spending binge are beginning to emerge.
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