J00J00 – Maryland Transportation Authority
Exhibit 14 Revenue Impacts of the Francis Scott Key Bridge Collapse Fiscal 2024-2030 (In Millions)
Changes in Toll Revenues
Changes in Toll Transactions
Net Revenue Loss
Net Change in Transactions
BHT FMT
FSK
BHT
FMT
FSK
$1.1 $4.5 -$14.9
0.4 2.1 2.0 2.0 2.0 0.7 0.0
0.8 3.4 3.2 3.2 3.2 1.1 0.0
-3.1
2024 2025 2026 2027 2028 2029 2030
-$9.2 -28.2 -27.9 -28.2 -28.5
-1.9 -6.1 -6.5 -6.5 -6.6 -2.2
7.0 21.0 7.9 21.8 8.0 21.9 8.1 22.1
-56.2 -57.6 -58.1 -58.7 -20.4
-11.5 -11.7 -11.8 -11.9
2.8 0.0
7.6 0.0
-3.9
-9.9
-0.1
0.0
0.0
0.0
Total
$35.0 $99.0 -$265.8 -$131.8
9.2
14.9
-53.9
-29.8
BHT: Baltimore Harbor Tunnel (I-895) FMT: Fort McHenry Tunnel (I-95) FSK: Francis Scott Key Bridge (I-695)
Source: CDM Smith, MDTA FY 2025 Traffic and Toll Revenue Forecast Update
Impacts on MDTA Expenditures
MDOT ’s Fiscal 2025-2030 CTP adds the rebuild of the Francis Scott Key Bridge to the major construction program for MDTA and programs $1.7 billion in funding across the six-year period, representing the total estimated cost to rebuild the bridge. The CTP projects that $204.5 million will be expended by MDTA in fiscal 2025 and $376.8 million in fiscal 2026, as part of the MDTA capital program. The U.S. Depart ment of Transportation’s Federal Highway Administration (FHWA) approved $60 million in federal funds for the State on March 28, 2024, two days after the bridge collapse. The funds were designated as “quick release” and slated for debris removal, repairs, a nd demolition needed after the incident. In August 2024, MDTA received $350 million in property and business interruption insurance proceeds related to the bridge collapse. MDTA gave approval to remit these funds to the federal government for current and future costs.
Analysis of the FY 2026 Maryland Executive Budget, 2025 24
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