Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom

See why Bill Gates, Mark Zuckerberg and Peter Thiel are making huge bets on this breakthrough now.

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

LEA SKENE
August 29, 2024

BALTIMORE (AP) -- Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span collapsed under the impact of a massive container ship that lost power and crashed into one of its supporting columns.

In the immediate aftermath of the deadly March 26 collapse, officials quickly promised to rebuild the bridge -- a longstanding Baltimore landmark and vital piece of transportation infrastructure.

They cited a 2028 completion date and estimated the project would cost $1.7 billion and would include significantly more pier protection to better defend against future wayward ships.

At a monthly meeting Thursday morning, the Maryland Transportation Authority board awarded a $73 million contract for the first phase of the project to Kiewit Infrastructure, which calls itself "one of North America's largest and most respected engineering and construction organizations."

Bruce Gartner, executive director of the Maryland Transportation Authority, said the contract award signifies a big step forward in the recovery and rebuild process.

"This really represents such an order of magnitude bigger than all our previous milestones," he said in an interview Thursday. He said the agency hopes to release renderings of a preliminary design within the next few months, which will give the public an idea of what the new bridge will look like.

Kiewit was founded in 1884 to provide masonry services in Omaha, Nebraska, according to its website. Its notable past projects include the Fort McHenry Tunnel under Baltimore's harbor, which opened in 1985. More drivers have been using the tunnel since the bridge collapse eliminated one of three water crossings that allowed them to bypass downtown Baltimore.

Gartner said the state has worked with Kiewit before and that the company has managed construction of major water crossings with maritime activity similar to the Key Bridge.

"We look forward to partnering with the Maryland Transportation Authority, many local subcontractors and suppliers, and our strong craft workforce to safely deliver and restore this vital transportation link in the city of Baltimore and the greater region," the company said in a statement Thursday.

In announcing their recommendation to the board, state transportation officials said the company's proposal was ranked first for its technical contents despite being somewhat more expensive than others.

Officials said the project will advance in two phases, with the first focusing on the design work and other necessary steps before construction begins, which could include demolition of the remaining pieces of the bridge that are still standing. Phase one is expected to be completed within a year.

Kiewit will have "exclusive negotiating rights" for the second phase, transportation officials said in a statement following the board meeting. "In the event a guaranteed maximum price is not agreed upon, the MDTA will deliver the work under a separate contracting mechanism," the statement read.

Officials have said the new bridge will be somewhat taller than the old one to accommodate ever-larger ships entering Baltimore's harbor. The original Key Bridge took five years to construct and opened in 1977.

The March bridge collapse killed six members of a road work crew who were filling potholes on the bridge when it came crashing down into the water below. Baltimore's busy port was closed for months after the collapse and increased traffic congestion in the region remains a problem for drivers.

An FBI investigation is ongoing into the circumstances leading up to the collapse, including power outages experienced by the cargo ship Dali while it was still docked in Baltimore.

The state transportation board also on Thursday approved a proposal to remit the proceeds from a recent $350 million insurance payout to the federal government. They called the decision a show of good faith as discussions continue about whether the federal government will cover 100% of the cleanup and rebuilding costs. Chubb, the company that insured the bridge, made the $350 million payout to the state, officials said this week.

Ongoing litigation will ultimately determine other assignments of liability in the bridge collapse, which could become one of the most expensive maritime disasters in U.S. history.

The federal government generally picks up 90% of the tab and the state 10% when replacing disaster-damaged interstate highways and bridges, but the Biden administration and members of Maryland's congressional delegation are pushing congressional lawmakers to approve a 100% reimbursement.

Officials have said they expect that federal taxpayers will eventually be made whole for replacing the bridge through insurance payouts and damages, but that may take a while.

___

Associated Press writer Brian Witte contributed from Annapolis.

Continue Reading...

Popular

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

ROME (AP) — U.K. Prime Minister is meeting Italian in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb .

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Red Lobster exits Chapter 11 bankruptcy protection

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Turkey's Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Turkey's intelligence chief met with Hamas in Ankara to discuss Gaza ceasefire negotiations, as Turkey denounces Israel's assault and conducts intensive diplomacy.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

Pope Francis Criticizes Both Trump And Kamala Harris For Supporting Abortion, Urges Catholics To Vote For 'Lesser Evil'

Pope Francis expressed concerns over U.S. presidential candidates' positions on abortion and migration, urging American Catholics to vote for the "lesser evil" in the upcoming elections.

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

No 'Razzle-Dazzle' With Latest iPhone, But Apple Wowed With These 2 'Glowtime' Announcements, Says Gurman

Apple, Inc. unveiled iPhone 16 at the Glowtime event last week did not live up to the hype but it made up for some of the disappointment with its hearing aid and health upgrades, said Bloomberg's Mark Gurman on Sunday.

Amazon is requiring workers to be in the office five days a week starting next year

is reverting to its pre-pandemic policy and will require corporate employees to be five days a week starting next year, CEO Andy Jassy said Monday.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report

Nvidia's 166% rise in the past year, along with other Big Techs, is driving the S&P 500. CEO Huang expects strong demand for chips due to AI ambitions.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now - Ad

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

Utility ordered to pay $100 million for its role in Ohio bribery scheme

An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal.

OnlyFans Beats Apple, Google, Netflix, And Other Big Tech Companies In Revenue Per Employee: Here's The Down Low

Content-sharing platform OnlyFans has come out on top against big tech companies like Apple Inc., Alphabet Inc.'s Google, Netflix Inc., and others in terms of revenue generation per employee.

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's from a two-decade peak.

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

HARRISBURG, Pa. (AP) — Before he ran for the U.S. Senate in Pennsylvania, was a big name on Wall Street.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

Trump Vs Harris: Who Do Russia, Iran And China Favor In 2024 Election? Intelligence Officials Weigh In

U.S. intelligence officials believe that Russia, Iran and China have preferred candidates in this year's U.S. presidential election. Each of these foreign powers has different views on who would best serve their interests.

Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Ohio's Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing

Ohio recreational marijuana sales soar past $44M as demand remains high. Columbus dispensaries see strong growth, with no slowdown in sight.

Giving away a fortune: What could Warren Buffett's adult children support?

OMAHA, Neb. (AP) — Warren Buffett's adult children — Susie, Howard and Peter Buffett — have long track records as philanthropists, giving away more than $15 billion of their dad's money through their foundations since 2006.

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Navy officer demoted after installing unauthorized satellite dish on warship to access internet

SAN DIEGO (AP) — A U.S. Navy chief who wanted the internet so she and other enlisted officers could scroll social media, check sports scores and watch movies while deployed had an unauthorized Starlink satellite dish installed on a warship and lied to her commanding officer to keep it secret, according to investigators.

E. Jean Carroll Case: Appeals Court Skeptical of Trump's Bid to Overturn Sexual Abuse Verdict

E. Jean Carroll's case sees an appeals court skeptical of Donald Trump's bid to overturn a $5 million verdict for sexual abuse and defamation.

Do Not Day Trade (Do This Instead) - Ad

Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shocking way to take 100% certain events (mandated by the U.S. Government)...And target OVERNIGHT payouts like: 253%... 327%... Even 383%! Enough to potentially hand you profits of $25,300... $32,700... heck even $38,300!

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024

HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records.

Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case

LONDON (AP) — Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine that targeted its online advertising business.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

How small businesses can recover from break-ins and theft

Break-ins and thefts can happen at any small business, no matter how tight the security.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service