The third and final segment of the FCE includes a new four-lane bridge over the St. Johns River just south of where the Shands Bridge currently stands. Construction on the new bridge is expected to begin in 2022 and be completed in 2029 at a cost of approximately $334 million. The vertical clearance height of the new bridge will be 65 feet from the water line, compared to the existing 45 feet of clearance. The additional 20 feet will match the Buckman Bridge’s clearance and is an improvement for marine commerce in the region.