Maryland to Rebuild Collapsed Baltimore Bridge by 2028 at a Cost of $1.7-$1.9 Billion
The reconstruction follows the tragic collapse in March which killed six, with federal and insurance funds aiding the financial burden.
- Maryland estimates the cost of rebuilding the Francis Scott Key Bridge at $1.7 to $1.9 billion, aiming for completion by fall 2028.
- Federal and insurance funds, including a $350 million payout from Chubb, are expected to cover a significant portion of the costs.
- WeBuild and other companies have submitted proposals for the bridge's reconstruction, emphasizing safety and sustainability.
- The collapse has significantly impacted Baltimore's port operations, prompting urgent recovery and rebuilding efforts.
- Legislation is underway to relieve Maryland of the 10% state funding requirement for the project, ensuring full federal financial support.