Maryland officials announced the cost to rebuild Baltimore’s collapsed Francis Scott Key Bridge has surged to between $4.3 billion and $5.2 billion, more than twice the original $1.7-$1.9 billion estimate.
The bridge collapsed in March 2024 after a cargo ship struck one of its piers, killing six workers and halting key shipping lanes at the Port of Baltimore. The revised budget factors in sharp increases in construction materials, labor and the addition of enhanced safety features such as a pier-protection system and wider clearance for maritime traffic.
Construction is now expected to wrap up by late 2030, two years later than the initial late-2028 target. Federal funding will cover the entire rebuild cost, though some lawmakers have expressed concern over the escalating price tag and extended timeline.