Project deletion is stuck in the 'Terminating' status

The project deletion is stuck in the 'Terminating' status during a test in ProwCI, causing intermittent failures. The deletion process hangs and fails to complete even after 15 minutes.

How reproducible: 

Intermittently

Version:

4.16.0-0.nightly-2024-03-24-191602

Steps to Reproduce:
1. The system is under load with multiple tests running in parallel.
2. Create a project and deploy an application within that project.
3. Attempt to delete the project created in step 2.

ProwCI Failure link: https://reportportal-openshift.apps.ocp-c1.prod.psi.redhat.com/ui/#prow/launches/all/530129/63819152/63819248/log?item1Params=filter.eq.hasStats%3Dtrue%26filter.eq.hasChildren%3Dfalse%26filter.in.type%3DSTEP%26filter.in.status%3DFAILED%252CINTERRUPTED

Actual Results:

Project deletion is stuck in the 'Terminating' status

Expected results:
The project deletion process should complete without any issues, and the project should be deleted immediately.

Additional info:

Must-gather logs : https://drive.google.com/file/d/1tauxcPByzmPL_0ZuVMV_yj56ocEgsv0Q/view?usp=sharing

Failure logs :  The project deletion process began at 11:59:30 but was interrupted by the CI system at 12:13:54, after the deletion hung for approximately 15 minutes.

STEP: 5) Delete the project @ 03/25/24 11:59:30.403
Mar 25 11:59:30.403: INFO: Running 'oc --kubeconfig=/tmp/kubeconfig-1322835592 delete project project-11887'
[INTERRUPTED] in [It] - /go/src/github.com/openshift/openshift-tests-private/test/extended/apiserverauth/apiserver.go:5529 @ 03/25/24 12:13:54.074
Interrupted by User