Francis Scott Key Bridge project timeline pushed back to 2030 as officials cite market factors
Maryland officials say the rebuilding of the Francis Scott Key Bridge will take two years longer than initially thought and will cost more than twice the initial price tag.
The Monday announcement comes just a day before the National Transportation Safety Board is set to meet regarding the cause of the 2024 bridge collapse that left six people dead. Monday’s new projections say the project won’t be completed until 2030, and it will cost up to $5.2 billion, authorities told The Washington Post.
“Estimating is difficult on these larger projects,” Jim Harkness, chief engineer at the Maryland Transportation Authority, told the outlet. “The market factors, that all comes into play.”
MDTS officials told the outlet the initial projections of roughly $1.9 billion were based on hasty calculations made to ensure the state would secure federal funding for the project.
There should be NO state or federal funding allocated to this project!
Insurance from the shipping company that caused the collapse should cover the entire cost of replacement.
no big deal. this state is loaded with money. if we come up a little short we’ll just raise taxes.
No 5:11, Marylander’s should bare no cost for the new bridge.
That ship the destroyed the Francis Scott Key bridge should have been impounded until the owners or their insurance company wrote the check to pay for a new bridge.