State financial disclosures or budget updates

Baltimore's Key Bridge Rebuild to Cost $1.7B-$1.9B, Completion by 2028

May 2, 2024, 08:49 PM

The Francis Scott Key Bridge in Baltimore, destroyed by a container ship incident in March, is slated for reconstruction with an estimated cost between $1.7 billion and $1.9 billion. Maryland officials have projected a completion timeline of four years, aiming for the new bridge to open by fall 2028. The state has already secured a $350 million initial payment towards this significant infrastructure project. Key political figures, including members from both the Democratic and Republican appropriations committees, have visited Baltimore to assess and support the ongoing recovery efforts, emphasizing the project's importance to the local economy and national infrastructure.