I'm not an economist, but, I can imagine that it's under-utilized because the local economy isn't yet at the level it was designed for?
China doesn't seem to have any qualms with that kind of development though. I recall a tour through a city and an international airport, huge 20 lane superhighway with... just nobody using it. Ghost towns. Empty supermalls with maybe one or two shops open.
It's all investments, it's putting investor money in real estate, gambling on economy and population growth to necessitate use of the real estate and infrastructure, thus increasing the price / value of the real estate.
China has been growing so fast for so long that the people from there may have unrealistically high expectations and risk tolerance for the results of their infrastructure projects at home and abroad. I'd imagine a lot of people there have FOMO over not investing in Shenzhen or other cities that popped up over night that they've gone crazy to build out the next successful city.
China doesn't seem to have any qualms with that kind of development though. I recall a tour through a city and an international airport, huge 20 lane superhighway with... just nobody using it. Ghost towns. Empty supermalls with maybe one or two shops open.
It's all investments, it's putting investor money in real estate, gambling on economy and population growth to necessitate use of the real estate and infrastructure, thus increasing the price / value of the real estate.