Skanska

The objective of the PDA is to advance design, planning and permitting for the project as well as to facilitate negotiations and enter into a definitive Public Private Partnership (P3) project agreement between the Master Developer and Amtrak to implement the project utilizing a design, build, finance, operate, and maintain delivery method.

The planned redevelopment aims to transform Penn Station into a modern transportation hub that delivers a world-class experience for commuters and visitors, reducing congestion, and improving safety and operational efficiency. The transformation will include a new Eighth Avenue entrance leading into a modern train hall and expansive, light-filled concourses replacing existing passageways. It will also keep Madison Square Garden in its current location with anticipated enhancements to its exterior appearance and the removal of the Infosys Theater to coincide with the improved Eighth Avenue entrance.

The pre-development work is slated to commence in June 2026 with expected completion of this phase toward the end of 2027.