Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

After bridge collapse, Maryland governor urges Congress to pass funding for rebuild

Published 03/31/2024, 12:44 PM
Updated 03/31/2024, 10:20 PM
© Reuters. A view of the Dali cargo vessel which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., March 27, 2024. REUTERS/Mike Segar

By Gabriella Borter

WASHINGTON (Reuters) -With efforts underway to clean up thousands of tons of steel debris from the collapsed bridge in Baltimore's harbor, Maryland Governor Wes Moore on Sunday urged Republicans to work with Democrats to approve the federal funding needed for rebuilding the bridge and to get the port economy back on its feet.

Baltimore's Francis Scott Key bridge collapsed early on Tuesday morning, killing six road workers, when a container ship nearly the size of the Eiffel Tower lost power and crashed into a support pylon. Much of the span crashed into the Patapsco River, blocking the Port of Baltimore's shipping channel.

The Biden administration released $60 million in initial emergency aid on Thursday to assist in cleaning up the bridge debris and reopening the port, which is the largest in the U.S. for "roll-on, roll-off" vehicle imports and exports of farm and construction equipment. The port has been closed since Tuesday, leaving in limbo the jobs of some 15,000 people who rely on its daily operations.

Federal officials have told Maryland lawmakers the final cost of rebuilding the bridge could soar to at least $2 billion, Roll Call reported, citing a source familiar with the discussions.

Democratic President Joe Biden has pledged that the federal government will cover the cost, but that will depend on passage of legislation authorizing the funds by both the Republican-led House of Representatives and Democratic-led Senate. The divided Congress has been repeatedly riven by partisan battles over funding, with hardline Republicans often at odds even with members of their own party.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Moore, a Democrat, said Republicans should be willing to approve the funding for the sake of not just the city of Baltimore, but for the national economy.

"The reason that we need people to move in a bipartisan basis ... is not because we need you to do Maryland a favor," Moore told CNN on Sunday. "We need to make sure that we're actually moving quickly to get the American economy going again, because the Port of Baltimore is instrumental in our larger economic growth."

Secretary of Transportation Pete Buttigieg expressed optimism on Sunday that Congress would approve the funds necessary for the cleanup and rebuild, noting that the divided legislative body had passed Biden's $1 trillion infrastructure package in 2021.

"If there's anything left in this country that is more bipartisan than infrastructure, it should be emergency response. This is both, and I hope that Congress will be willing if and when we turn to them," Buttigieg told CBS's "Face the Nation."

Biden was expected to visit the bridge collapse site this week.

An enormous crane began cutting up portions of the collapsed bridge to prepare them for removal on Saturday, which officials said was the first step of what will be a long and complicated cleanup. A spokesperson for the governor's office said on Sunday that a 200-ton (180-metric ton) piece of the bridge had been removed and officials were working to determine the best strategy for pulling the ship off the wreckage.

Later Sunday officials said they were preparing to establish an alternate route for "commercially essential vessels," although few additional details were released and the timing of the alternate route's opening wasn't made clear.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

In a statement, coordinator Capt. David O'Connell said that the alternate would "support the flow of marine traffic into Baltimore." Video released by responders showed Coast Guard officials dropping buoys into the water near the site of the collision.

The wreckage and hazardous weather conditions have made it impossible for divers to continue searching for the four remaining bodies of the deceased construction workers in recent days, Moore said.

Moore and other officials have declined to give an estimated timeline for the reopening of the port and the rebuilding of the bridge.

Latest comments

The ship owner needs to pay not the taxpayers.
The ship owner needs to pay. Not the taxpayers. Governor Dumbdumb.
Maryland never protected their bridges like almost every other state does and now Maryland wants $600 million from all of the other states to benefit their own state?
Mo' money, Mo' money, you gives Mo' money !
What sense does this make? Why does the government have to rebuild it? It wasn’t a natural disaster…
why does Congress need to bail you out? Make the shipping company pay for the damages done. that just doesn't make sense. 😕
call the boat company for funding
The money has been sent to Ukraine to protect their border.
Which is money well spent. Better to defend against Putin at the Ukrainian border, than at the Polish border.
Yes, I agree that you are allowed to have bad opinions.
The bridge collapse can easily be considered an emergency so I am sure the Democrat White House regime could find other ways to rebuild the bridge without the need for congress but they instead are using this tragedy as political theatre. How much are they spending on the 8 million new Democrat supporters they have let cross the southern boarder?
You are sure? Of course you are. Ignorance is bliss.
as opposed to you Albright, just ignorant
We'll probably get a repeat of this: “Rep. King: NY won’t ‘abandon’ Texas despite ‘hypocrite’ Ted Cruz” -- “Rep. Pete King (R-N.Y.) said Saturday that he’ll support financial relief for Texas in the aftermath of Hurricane Harvey, contrasting his support for emergency relief with Texas lawmakers’ opposition to an aid package for New York and New Jersey after 2012’s Superstorm Sandy.” -- thehill.com/homenews/senate/348247-rep-king-ny-wont-abandon-texas-despite-hypocrite-ted-cruz/
By the time it takes the rebuild the bridge they will have adapted to using other ports bypassing Baltimore
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.