Key Bridge Authorizations, Expenditures, and Reimbursements Page Two
SUMMARY To date, the MDTA Board has authorized $421 million in funding for the construction of the Key Bridge Rebuild. As shown in the table below, most of the work authorized has been for the not- to-exceed advance work packages. Procurement Date Description Amount Authorized Award 8/29/24 Phase 1 – Project Development Services $73,000,000 Change Order 1 1/28/25 Test Pile Procurement 10,604,457 Change Order 2 4/24/25 Load Test Program 32,352,283 Change Order 3 7/31/25 Funding to achieve 70% design 55,000,000 Contract Modification #1 5/29/25 Phase 2 Early Work Packages (Not-to-Exceed Amount) 250,000,000 Total $420,956,740 Key Bridge Rebuild Expenditures As shown in the table below, based on preliminary closeout figures, as of June 30, 2025, $147.9 million in State funds were spent for the Key Bridge Rebuild Project. This includes costs incurred by both the MDTA and the State Highway Administration for the initial salvage and debris removal efforts, as well as for the permanent rebuilding of the Key Bridge. These costs are expected to be covered by insurance proceeds, offsetting revenue (material recycling), or federal funds, except for certain ineligible main channel debris removal costs. For federally eligible project costs that will ultimately be paid for with federal funds, non-federal funding sources will be used to initially fund project expenses and manage cash flow requirements until federal reimbursement for those costs is received.
Cost Component
Spend-to-Date $77,424,449
Salvage & Debris Removal
Progressive Design Build Contract Phase I
58,106,386 10,586,737
General Engineering Contracts Other Consultant & State Costs MDTA & SHA Staffing Costs
891,343 843,030
Total
$147,851,946
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