Baltimore, MD – The Maryland Transportation Authority (MDTA) announced updated financial estimates for the Francis Scott Key Bridge rebuild, projecting a total cost between $4.3 billion and $5.2 billion with an anticipated reopening in late 2030.
According to the MDTA, the revisions reflect increased material prices, inflation, and the inclusion of new federally mandated safety features such as a robust pier protection system and taller towers to accommodate modern marine traffic. The original preliminary estimates were prepared less than two weeks after the bridge’s collapse in March 2024.
“Material costs have risen sharply since those early projections,” said Acting Transportation Secretary and MDTA Chair Samantha J. Biddle. “Although rebuilding will take longer and cost more, our commitment remains focused on safety, efficiency, and long-term durability.”
The bridge’s main span will stretch 1,665 feet, making it longer and taller than before to meet updated engineering standards. New protective fenders—larger than a football field—will be installed to safeguard the bridge from future vessel impacts.
The Federal Highway Administration estimates highway construction costs have climbed nearly 72% over the past five years, further affecting pricing and timelines nationwide. The project’s funding will primarily come from federal emergency relief allocations under the American Relief Act, with Maryland continuing to pursue the ship’s owners for damages caused by the incident.
Groundbreaking for the new bridge is expected within the coming months as design work nears completion. The MDTA emphasizes continued transparency and outreach as it works to restore a vital transportation link for Baltimore and the regional economy.
This article was produced by a journalist and may include AI-assisted input. All content is reviewed for accuracy and fairness.
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