New York Penn Station Renovation

U.S. Department of Transportation Secretary Sean P. Duffy and the Amtrak Board of Directors have announced the selection of Penn Transformation Partners (Halmar and Skanska) as the private Master Developer team to lead the transformation of New York Penn Station.

Penn Transformation Partners will build a brand-new, world-class station that will provide daily commuters and tourists with a more seamless travel experience through a vibrant gateway into America’s largest city.

The transformation of New York Penn Station will:

  • Construct a grand entrance on Eighth Avenue to a new train hall
  • Replace cramped, decrepit walkways with open, beautiful concourses
  • Expand track capacity, including the introduction of at least limited through-running on the regional rail network
  • Enable new retail, better wayfinding, and other passenger experience improvements, all while maintaining the iconic Madison Square Garden with a new cladding for a classical look, and
  • Improve the station’s existing subterranean structure

Secretary Duffy and Federal Railroad Administrator (FRA) David Fink also announced $200 million in additional funding for the New York Penn Station Transformation project through the Partnership-Northeast Corridor Program.  With Amtrak and NJ TRANSIT contributing additional funding to the project development work, Byford and Penn Transformation Partners have the resources necessary to prepare for groundbreaking before the end of 2027.

-via Press Release

This article was posted on: May 21, 2026