KB-4903-0000, Key Bridge Rebuild Project Cost and Schedule Update Page 2
The State has, and will continue to, make substantial financial commitments and contributions to support the Key Bridge reconstruction—including advancing upfront construction costs and contributing hundreds of millions of dollars in insurance proceeds toward the rebuilding effort. The project is making significant progress in the design and pre-construction phases, and groundbreaking for the new bridge is expected to occur in the coming months. The MDTA is working to expedite the delivery of a new bridge and acknowledges the impact the loss of the Key Bridge has had on the Baltimore region – from longer commute times to financial strain on businesses in our State. The MDTA and the Maryland Department of Transportation remain committed to mitigating the impacts of the loss of the bridge throughout the rebuild process. This includes providing travelers with the best, real-time information possible, adjusting transport operations and providing new travel options — all with an eye towards reducing congestion and impacts to our local communities.
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