Maryland officials have more than doubled the estimated price tag to rebuild the Francis Scott Key Bridge, which collapsed in March 2024 after a container ship crashed into it disrupting a major economic gateway.
The Baltimore-based bridge will now cost between $4.3 billion to $5.2 billion to rebuild, with an anticipated open-to-traffic date in late 2030, two years behind schedule, the Maryland Transportation Authority, or MDTA, said Monday.
“As design has advanced and pre-construction work progresses, it became clear that material costs for all aspects of the project have increased drastically since the preliminary estimates were prepared less than two ...