Key Bridge Authorizations, Expenditures, and Reimbursements Page Three
FHWA ER Funds As shown in the table below, a total of $60 million in FHWA Quick Release ER funds have been made available to the project. Of this amount, $20.7 million has been used to reimburse the MDTA for federally eligible project costs. Currently, the MDTA has $33.3 million in eligible project costs under review for FHWA ER funding availability.
Invoice Date
Date Payment Received
Description
Funding Source
Invoiced Amount
Salvage and Debris Removal Contractor Costs
FHWA Release ER Funds
12/12/2024
$10,000,000
12/14/2024
Kiewit Rebuild Contractor Costs (Invoices 1-4)
FHWA Release ER Funds
4/4/2025
$10,698,900
4/30/2025
Total FHWA ER Funds
$20,698,900
Insurance Proceeds and Recycling Revenue The MDTA will be applying the full $350 million in insurance proceeds (plus interest) and a portion ($2.9 million) of the $4.2 million received in recycling revenue toward federally eligible project costs. The remaining $1.3 million in recycling revenue will be applied toward project costs that are ineligible for federal funding. As shown in the table below, $25 million in eligible salvage and debris removal project costs have already been applied toward insurance proceeds. Currently, the MDTA has $42.4 million in federally eligible project costs under review for insurance proceeds and recycling revenue funding eligibility.
Invoice Date
Date Funding Released
Description
Funding Source
Invoiced Amount
Salvage and Debris Removal Contractor Costs
12/10/2024
Insurance Proceeds
$25,000,000
12/11/2024
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