Who Will Pay for the Baltimore Bridge Collapse?
On the day the Francis Scott Key Bridge in Baltimore collapsed, President Joe Biden said the federal government would pay the “entire cost” of rebuilding it, which some suggest could run to more than $1 billion. Washington will foot the bill so the bridge and nearby port can reopen “as soon as humanly possible,” he said.
The hope is that much of the cost will be recouped from insurers, but determining who is ultimately on the hook for the deadly disaster is set to become one of the messiest and most expensive disputes of its kind. Rebuilding the bridge, repairing the cargo ship that hit it and compensating companies for the disruption at one of the nation’s busiest ports may take years to resolve.
“We’re not going to wait,” said Biden, who plans to visit Baltimore on Friday to survey the damage.
The legal wrangling began this week when the shipowner, Grace Ocean Private Ltd., and the ship manager, Synergy Marine, both based in Singapore, filed a petition in U.S. District Court to limit their liability to $43.7 million. They cited an 1851 law that allows a shipowner to cap financial damages mostly to the value of a ship after a crash, if the owner is determined not to have been at fault.
https://www.yahoo.com/news/pay-baltimore-bridge-collapse-114402811.html
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years of court battles trying to get it from the shipping company and insurance carriers. Trump would make Mexico pay.
