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FSK Bridge Update: Trump Admin Holds Urgent Talks Over Spiraling $5B Cost

FSK Bridge Update: Trump Admin Holds Urgent Talks Over Spiraling $5B Cost

Summary

President Trump's administration and Maryland officials are holding urgent talks about the rising costs of rebuilding the Francis Scott Key Bridge in Baltimore, which now could cost $5.2 billion. The rebuild is crucial after the bridge collapsed in March 2024 due to a ship strike, causing major disruptions. The talks will focus on managing the high costs, legal issues, and ensuring the project remains on track for its 2030 completion.

Key Facts

  • The cost to rebuild the Francis Scott Key Bridge could reach $5.2 billion, more than double the original estimate.
  • The bridge is important for Baltimore's transportation, connecting commuters, trucks, and the port.
  • A container ship hit the bridge in March 2024, leading to its collapse and stopping traffic on Interstate 695.
  • The project delays and budget increase pose challenges for federal and state agencies.
  • Maryland's handling of transportation projects, including the bridge, is under review by U.S. Transportation Secretary Sean Duffy.
  • Rising raw material and labor costs are major reasons for the budget increase, according to Maryland's Transportation Authority.
  • Federal data shows highway construction costs have increased by 72% nationwide over five years.
  • President Trump's administration has concerns about Maryland's contracting practices, which could lead to legal issues.

Source Information