Costs more than double to rebuild vital Baltimore bridge destroyed by cargo ship

(CNN) — The expected price tag to rebuild Baltimore’s Francis Scott Key Bridge – the overpass that collapsed and left six dead – has more than doubled and is expected to be completed later than what authorities previously said, according to a release on Monday.

The Maryland Transportation Authority on Monday said in a release the updated cost estimate is now projected to be $4.3 billion to $5.2 billion, with an expected opening in late 2030 – a two-year delay from the earlier estimate.

That price tag is more than double the previous expected cost of $1.7 billion to $1.9 billion, that the Maryland Department of Transportation previously confirmed to CNN.

The bridge – a vital artery for traffic heading into the Port of Baltimore and a major hub for imports and exports of commod