Preliminary Design/PDB Phase I & Phase II/Construction Summary of Funding Sources and Reimbursements as of 09/15/26 ($ in millions) FSK Bridge Project
Prel Design/ PDB Phase I/PDB Phase II Construction Insurance Proceeds in Lieu ER (Quick Release) Funds Congress Approval ER Funds, Tranche #1*** of Federal Funds (#) Congress Approval ER Funds, Tranche #2***
Available Funding Sources/Federal Funds
Costs Incurred
Invoiced to Date Pending Invoices* Balance for Rebuild
$347.89
$347.89
$284.76
$63.13
$0.00
$24.80
$24.80
$23.27
$1.53
$0.00
$217.03
$192.41
$129.69
$62.72
$24.62
$300.04
$0.00
$0.00
$0.00
$300.04
Settlement Funds (^)
$2,072.20
$0.00
$0.00
$0.00
$2,072.20
Total
$2,961.96
$565.10
$437.72
$127.38
$2,396.86
* Invoices under review include: Kiewit, $120.73M, CMI, $1.76M, GEC, $7.00M and Payroll Costs, $5.00M.
Preliminary Design/Phase I and Phase II/Construction Costs Incurred increased $38.92M versus the Summary Report dated 08/31/26.
**Retainage of $19.82M cannot be reimbursed until paid.
***Congress approved additional ER funds requested.
The Summary Table shown above has been updated through 09/15/26.
(#)Insurance Proceeds include $22.89M in interest earned on the Base Insurance Proceeds of $350.00M through 08/31/26. Currently, $10.00M of interest has been approved by FHWA. Awaiting approval of an additional $12.89M as an available funding source for Preliminary Design/PDB Phase I & Phase II/Construction. (^)This amount represents MDTA's Net Settlement Proceeds received from a $2.25B settlement between the owner and operator of the M/V Dali and the State of Maryland.
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