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.Under its redesign plan, the successful bidding team wants to keep Madison Square Garden in place but add a “classical look” to it. The arena sits directly over the train station. There were concerns previously that Madison Square Garden would have to be relocated to allow enough room for the rebuilding and expansion of Penn Station.
The construction design will be released in the coming months, and work on the project is expected to begin by the end of next year.
“In selecting Penn Transformation Partners and their innovative plan, we are one step closer to delivering a world-class travel hub that daily commuters and travelers have dreamed of for decades,” Duffy said in a statement. “Under President Trump’s historic leadership, the days of Penn Station’s cramped hallways, broken infrastructure, and snarled rail lines are numbered. 2027 can’t come soon enough.”
The federal government and Amtrak have been in charge of the redevelopment project together ever since President Donald Trump fired the Metropolitan Transportation Authority in April 2025 over concerns the project had been delayed for years.
