“I’ve been waiting to say this for every day for the last 11 weeks: Maryland, the Fort McHenry Channel is fully cleared, and the Port of Baltimore is reopened for business,” Gov. Wes Moore said at a waterside news conference to highlight the milestone.

As the governor spoke, a passing ship blasted its horn.

“You hear that?” Moore said. “That’s a beautiful sound.”

Behind him, giant cranes lifted shipping containers from the deck of a docked cargo ship and deposited them on land.

Many shipping companies rerouted their cargo to other ports following the deadly collapse in March. The deadly disaster halted most maritime traffic through Baltimore’s busy port as crews worked around the clock to clear an estimated 50,000 tons of fallen steel and concrete from the Patapsco River.

The estimated cost for the entire salvage operation is $160 million, with federal, state and local agencies involved.

Companies that steered clear of Baltimore during the cleanup will likely come back now that the channel has been returned to its original depth and width, officials said. The port, which processes more cars and farm equipment than any other in the country, is expected to be operating at normal capacity by mid-July.

All that rerouted commercial traffic “belongs in Baltimore today,” U.S. Transportation Secretary Pete Buttigieg said during a news briefing earlier this week. “We have every indication that that is what is taking place, but we will be reinforcing that expectation as we speak with players up and down the supply chains.”

Crews were able to reopen portions of the deep-draft channel in phases, restoring some commercial traffic in recent weeks. Some cruise ships and large container ships have already passed through, officials said.

But thousands of longshoremen, truckers and small business owners have seen their jobs impacted by the collapse and its economic ripple effects, which extend well beyond the Baltimore region. State officials helped establish several relief programs to keep people employed and businesses afloat in the immediate aftermath.

“We were a wounded port,” said Scott Cowan, president of the International Longshoreman’s Association Local 333, which represents Baltimore port workers. In a competitive industry, he said, other ports were looking to take Baltimore’s cargo.

Reopening the channel means keeping thousands of longshoremen in their jobs, Cowan said.

Officials estimated that the salvage operations for the U.S. Army Corps of Engineers will cost up to $75 million, while the Coast Guard response has cost $24 million to date to open the main channel. Maryland used about $60 million in federal emergency funds to open three other smaller channels outside the main one.

Rebuilding the bridge could cost nearly $2 billion, officials have said. They hope it’s completed by 2028.

President Joe Biden has pledged that the federal government will cover the full cost of rebuilding, though officials said the funding is still awaiting approval from Congress.

In a statement Tuesday, Biden praised the work of everyone involved in the recovery effort.

“Baltimore can count on us to stick with them every step of the way, and we will continue to have your back until the bridge is rebuilt,” he said.

The cargo ship Dali lost power and crashed into a critical support column of the Francis Scott Key Bridge in the early hours of March 26, collapsing the span and sending six members of a roadwork crew plunging to their deaths.

A National Transportation Safety Board investigation found that the vessel experienced power outages before starting its voyage, but the exact causes of the electrical issues have yet to be determined. The FBI is also conducting a criminal investigation.

The Dali remained stuck amid the wreckage for almost two months, with a massive steel truss draped across its damaged bow, before being refloated and guided back to port May 20. That allowed officials to open a channel that was 50 feet (15 meters) deep and 400 feet (122 meters) wide, big enough for most of the largest commercial vessels.

The full federal shipping channel is 700 feet (213 meters) wide. Officials said two-way traffic can now resume, and additional safety requirements have also been lifted because of the increased width.