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The $85 million in loans is gone; the buildings were never completed and are uninhabitable. $150 million spent building fancy, hotel-like "villas" staffed with private security for government employees working in Afghanistan rather than having them live on U.S. military bases at a fraction of the cost.
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The same office in the Defense Department that spent $43 million to build a gas station spent nearly $150 million of taxpayer money on luxurious private villas with private security in Afghanistan.
The Overseas Private Investment Corp., the U.S. government’s capital-mobilizing agency aimed at developing nations, financed an $85 million hotel and apartment complex in Kabul, Afghanistan.
The Marriott Kabul Hotel and the adjacent apartment. 85 million in investments have gone down the drain, thanks to “troubling management practices and lax oversight” at the site of the project. And.
U.S. Spent $3 Million on Unused Afghanistan Facility. the office reported that $3 million was spent on patrol boats for the Afghan National Police that have. [Afghan Ministry of Commerce and.
The Overseas Private Investment Corp., the U.S. government’s capital-mobilizing agency aimed at developing nations, financed an $85 million hotel and apartment complex. and a gateway for returning.
By Josh Smith. KABUL (Reuters) – Stalled luxury hotel and apartment projects next to the U.S. Embassy in the Afghan capital may have lost American taxpayers $85 million and left the partially constructed buildings as security threats, a government watchdog said on Thursday.
US Spent $85 Million On ‘Uninhabitable’ Afghan 5-Star Hotel, Apartments. 12:15 AM 11/17/2016 | Politics.. loaned $85 million for a hotel and an apartment building across the street from the U.S. Embassy in Kabul, but neither facility was completed and now appear to be abandoned, Special.
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A new report finds $85. apartments. Plus, hundreds of local jobs for Afghan people, the U.S. financing agency said in its 2007 press release announcing initial loans of $60 million for the project..