Maryland Estimates $1.7-1.9 Billion Cost To Rebuild Baltimore Bridge By 2028 Fall

On Thursday, Maryland estimated that reconstructing the collapsed Baltimore bridge would cost about $1.7 billion to $1.9 billion.

It further anticipates that the reconstruction will be finished by fall 2028.

Maryland’s Department of Transportation declared that the state’s current planning-level cost estimate is between $1.7 billion and $1.9 billion, which aligns with projects of such complexity and scale.

The MV Dali cargo ship slammed into the Francis Scott Key Bridge on 26 March, taking the lives of six individuals.

Lawmakers in Congress are working on legislation that would help waive the state’s current requirement to pay 10% of the rebuilding costs and ensure adequate money is in a federal rebuilding fund.

Maryland said it will also request proposals for rebuilding the bridge by the end of May and plans to conduct an industry forum on Tuesday.

On Thursday, the Department of Transportation (US) provided an initial $60 million as an emergency fund to clear out the debris and initiate the bridge’s rebuilding.

Baltimore will get whatever it needs to rebuild, declared Senator Brian Schatz, the chair of the transportation funding subcommittee.

Maryland’s Senator Chris Van Hollen said that federal taxpayers will recoup funds gathered from lawsuits for wrongdoings.

Reference: Reuters

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Source: Maritime Shipping News