Penn Station Master Developer Chosen for Bold Transformation With 2027 Groundbreaking targeted

U.S. DOT Secretary Sean P. Duffy and Amtrak announced Halmar and Skanska as Penn Transformation Partners, the private master developer chosen to overhaul New York Penn Station. The plan calls for a grand Eighth Avenue entrance, a new train hall, expanded track capacity with limited through-running, open concourses, enhanced wayfinding and retail, and a refreshed exterior for Madison Square Garden, while upgrading the subterranean structure. The project includes $200 million in FRA funding plus additional support from Amtrak and NJ TRANSIT, with shovels planned to be in the ground by the end of 2027 after finalizing contracts, permits and design. The initiative, prioritized by the Trump administration since 2025, aims to deliver a world-class hub and more reliable service for commuters and travelers.