Amtrak and the U.S. Department of Transportation selected Penn Transportation Partners to lead reconstruction of New York Penn Station. The development team includes Halmar and Skanska and will oversee one of the largest active-rail infrastructure projects in the United States.
The project carries an estimated cost of approximately $8 billion. Federal officials also announced an additional $200 million in funding for project design, permitting, and preconstruction activities through the Federal Railroad Administration.
The redevelopment plan includes a new train hall and expanded Eighth Avenue entrance, along with replacement of existing concourses and upgrades to passenger circulation areas. The project will also add retail space, improve wayfinding systems, and expand track and operational capacity within the station complex.
Penn Station serves Amtrak, New Jersey Transit, and the Long Island Rail Road and remains one of the busiest passenger rail hubs in North America. The reconstruction effort will take place beneath Madison Square Garden while rail operations continue throughout construction.
Federal transportation agencies previously shifted project delivery responsibility away from the Metropolitan Transportation Authority and adopted a public-private partnership structure for the redevelopment effort.
The project aims to modernize passenger facilities while improving operational efficiency and long-term rail capacity in the Northeast Corridor. Plans also seek to better integrate Penn Station with the adjacent Moynihan Train Hall, which opened in 2021.