Installation of OCP 4.x fails if project is not created on GCP

Issue

• Installation for OCP4.x failing on GCP with below error:

FATAL failed to initialize the cluster: Working towards 4.2.16: 99% complete

• Many operators are in a degraded state:

ERROR Cluster operator ingress Degraded is True with IngressControllersDegraded: Some ingresscontrollers are degraded: default
INFO Cluster operator ingress Progressing is True with Reconciling: Not all ingress controllers are available.
INFO Cluster operator monitoring Progressing is True with RollOutInProgress: Rolling out the stack.
ERROR Cluster operator monitoring Degraded is True with UpdatingAlertmanagerFailed: Failed to rollout the stack. Error: running task Updating Alertmanager failed: waiting for Alertmanager Route to become ready failed: waiting for RouteReady of alertmanager-main: no status available for alertmanager-main
FATAL failed to initialize the cluster: Some cluster operators are still updating: authentication, console, image-registry, ingress, monitoring