On present indications, inflation is expected to be somewhat higher than we’d thought in November, in part because of the further depreciation since then, but it is still expected to remain consistent with the inflation target. 10  BIS central bankers’ speeches
The primary reason for such adverse outcomes is that a large majority of such projects are mainly supported by debt (whatever equity is brought in is mainly money raised as debt or quasi debt) and hence key stakeholders in the project i.e. borrowers, lenders and administrators have virtually no downside risk from the failure of projects, but substantial upside return.