DOT and Amtrak pick ‘master developer’ to lead $8 billion Penn Station renovation
The Department of Transportation and Amtrak have selected Penn Transformation Partners to lead the $8 billion renovation of Penn Station in New York City. The project aims to enhance the station while keeping Madison Square Garden in place, and construction is expected to begin by the end of next year. Transportation Secretary Sean Duffy emphasized the importance of this redevelopment for improving travel in the Northeast Corridor.
- ▪The master developer team, Penn Transformation Partners, includes Halmar International and Skanska.
- ▪The renovation plan will maintain Madison Square Garden but aims to give it a classical look.
- ▪Construction design details will be released in the coming months, with work expected to start by the end of next year.
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The Department of Transportation and Amtrak on Wednesday selected the “master developer” team that will lead the $8 billion makeover of Penn Station in New York City. Transportation Secretary Sean Duffy and Amtrak’s board of directors announced they had chosen Penn Transformation Partners, one of three qualified bidders, as the head renovator for the project. The group comprises two construction companies, New York-based Halmar International and Sweden-based Skanska. Recommended Stories Sean Duffy debuts anti-fraud registration system for trucking industry Trump says White House ballroom will ‘shield’ military and security components of entire complex New York City commuter rail unions start strike affecting 300,000 riders daily Under its redesign plan, the successful bidding team wants…
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