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Final Cost of Bridge Reconstruction
2
Resolution / Starting Odds
Under $1.7 Billion • 33%
$1.7 Billion to $1.9 Billion • 34%
Over $1.9 Billion • 33%
Financial disclosures, budget reports from Maryland or construction firms
Story
Chubb to Pay $350M for Baltimore Bridge Collapse, New Span by 2028
May 2, 2024, 02:40 PM
Chubb, the insurer for the collapsed Francis Scott Key Bridge in Baltimore, is set to make a $350 million payout to Maryland. This payment is part of the initial steps in addressing the damages from the March collapse, with total damages expected to exceed $1 billion. The payout is significant as it represents the full amount of the insurance coverage and is being expedited ahead of the rebuilding process. Meanwhile, Maryland officials have estimated that replacing the bridge will cost between $1.7 to $1.9 billion and take four years, with the new span projected to open in 2028.
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Under $500 million • 33%
$500 million to $1 billion • 33%
Over $1 billion • 33%
$1B or less • 33%
Between $1B and $1.5B • 34%
More than $1.5B • 33%
Federal funds • 33%
State funds • 33%
Private investment • 34%
Under $10 million • 33%
$10 million to $50 million • 33%
Over $50 million • 33%
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Minor repairs needed • 33%
Major reconstruction required • 33%
Complete rebuild necessary • 34%
Rebuild existing design • 25%
Construct a new design • 25%
Temporary bridge • 25%
No reconstruction • 25%
Within 1 year • 33%
1-2 years • 33%
More than 2 years • 34%
