Baltimore's Key Bridge rebuild estimated to cost more and be completed later than initial plan

The cost to rebuild Baltimore's Francis Scott Key Bridge is going to cost more than originally anticipated and is expected to be completed later than initially thought, according to the Maryland Transportation Authority (MDTA).

MDTA said the updated estimated cost of the new Key Bridge is to be between $4.3 and $5.2 billion, with an anticipated open-to-traffic date in late 2030.

Officials had previously determined that the rebuild would cost around $2 billion and would be completed by the fall of 2028.

"As design has advanced and pre-construction work progresses, it has become clear that material costs for all aspects of the project have increased drastically since the preliminary estimates were prepared less than two weeks after the initial tragedy," Acting Transportation Secretary and