Local Conservative MLA Curtis Malloch tells Tide News the first appraisal indicated major damage was caused to the bridge after a car accident last January.
Malloch says it took several months for Minister of Transportation Claude Williams to negotiate with the insurance company to come up with a fair settlement.
The total cost to repair and upgrade the bridge is $350,000, with TD Bank covering $310 thousand. The Department of Transportation will cover the remainder for added improvements to the bridge that will increase the bridge's capacity to 15 tonnes.
The Maxwell Crossing Covered Bridge is expected to be opened back up in approximately 14 weeks.
There are only 61 covered bridges left in New Brunswick.
