US Provides $60 Million in Emergency Funds for Baltimore Bridge
Source: Bloomberg
March 28, 2024 at 5:57 PM EDT
The US Department of Transportation is providing $60 million in immediate funding for emergency work following the collapse this week of Baltimore’s Francis Scott Key Bridge.
The funds will serve as a “down payment toward initial costs” as the Maryland state government works on emergency repairs, design and reconstruction of the bridge, the federal agency said in a statement Thursday. Additional money will become available as the project continues.
“The federal emergency funds we’re releasing today will help Maryland begin urgent work, to be followed by further resources as recovery and rebuilding efforts progress,” Transportation Secretary Pete Buttigieg said in the statement.
The Singapore-flagged Dali, a 984-foot (300-meter) cargo ship carrying about 4,700 containers, slammed into the bridge March 26 after experiencing a loss of propulsion. The collision brought down the whole structure, killing six and shutting down one of the busiest ports on the US East Coast. The accident is under investigation by the National Transportation Safety Board.
Read more: https://www.bloomberg.com/news/articles/2024-03-28/us-provides-60-million-in-emergency-funds-for-baltimore-bridge?srnd=homepage-americas
Link to Department of Transportation PRESS RELEASE - Biden-Harris Administration Announces $60 Million for Emergency Work in Wake of the Collapse of the Francis Scott Key Bridge in Baltimore
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