Overview
- In a joint statement after their Washington meeting, the leaders reported "significant progress" and said teams will finalize details to deliver the work quickly and affordably.
- They agreed to accelerate reconstruction of the Francis Scott Key Bridge and to speed the American Legion Bridge using a potential public-private partnership.
- Officials said cost-sharing discussions for the Key Bridge advanced, though final terms remain under negotiation.
- Maryland’s transportation authority now estimates $4.3–$5.2 billion with completion in 2030, citing inflation and design changes including more than $1 billion for pier protection and a taller, wider main span.
- The state expects a contractor guaranteed maximum price and is pursuing over $350 million in insurance proceeds, reimbursement of financing costs, and added cost controls including an independent cost estimator.