US Department of Transportation Secretary Sean P. Duffy, Special Advisor to the Amtrak Board Andy Byford, and Penn Transformation Partners (PTP) have officially unveiled design renderings for the redevelopment of New York Penn Station.
PTP, a joint venture led by Halmar and Skanska, will serve as the master developer for the project, which will be funded primarily through federal grants to Amtrak, alongside federal loans, private financing, and equity raised by PTP.
The redesign will aim to completely transform the hub, providing improvements to general station safety, available space, and overall connection.
Ground is expected to be broken by the end of 2027, with the transformation set to be 100% union built, creating thousands of jobs and supporting both the local and regional economy.
The US Department of Transportation took control of Penn Station’s redevelopment in April 2025, with Secretary Sean Duffy providing Amtrak with 43 million USD in federal grant funding to jumpstart an aggressive schedule before Penn Transformation Partners was selected as master developer in May 2026.
Since then, the Department has invested an additional 200 million USD to support critical design and permitting work.
Once complete, the station is expected to improve the commuter and visitor experience with a new design that reduces congestion, eliminates dead ends, improves visibility and expands waiting areas.
A single-level concourse will consolidate all public activity on a single level above the platforms, and will aim to feature new amenities, bars, restaurants, shops and more.
Transformation of New York Penn Station will include the construction of a grand entrance on Eighth Avenue to a new train hall, the expansion of concourses and track capacity, and enable new retail, better wayfinding and other passenger experience improvements.
