"Baltimore Bridge Collapse: The Cost and Responsibility"

1 min read
Source: The New York Times
"Baltimore Bridge Collapse: The Cost and Responsibility"
Photo: The New York Times
TL;DR Summary

President Biden has pledged that the federal government will cover the entire cost of rebuilding the Francis Scott Key Bridge in Baltimore, which collapsed after being hit by a container ship. However, disputes over liability and the cost of claims are expected to result in lengthy legal battles and billions of dollars in payouts. The shipowner and manager have filed a petition to limit their liability to $43.7 million, citing an 1851 law, and experts anticipate complex legal wrangling due to the involvement of multiple parties and the six deaths caused by the disaster.

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