The Maryland Transportation Authority announced late Monday that the updated cost to rebuild Baltimore’s Francis Scott Key Bridge is estimated to be between $4.3 billion and $5.2 billion.
Officials initially estimated the cost to rebuild the bridge at up to $1.9 billion, shortly after it was struck by the Dali containership last year and collapsed, killing six construction workers.
“Since then, national economic conditions have deteriorated and material costs have increased,” Gov. Wes Moore said in a statement. “At the same time, elevated costs have resulted from federal design and resilience standards,” he said.
The National Transportation Safety Board is set to vote on the probable cause of the incident at a hearing on Tuesday.