The NYC Penn Station renovation moved ahead greatly after Amtrak and U.S. Transportation Secretary Sean Duffy committed new funds, advisors, and plans for the effort to revitalize the country’s busiest transportation center for $7 billion.

This is reported by the railway transport news portal Railway Supply.

Amtrak and USDOT Fast-Track $7 Billion NYC Penn Station Overhaul by 2027
Photo: Amtrak

NYC Penn Station Project Gains Federal Support and New Advisers

Amtrak and the U.S. Department of Transportation identified three specific achievements for the NYC Penn Station project. Notably, the agencies published the notice for the search for the master developer of the project, selected crucial public-private partnership advisors, and initiated the service optimization analysis study.

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Hunton Andrews & Kurth LLP will offer legal advice, financial planning will be directed by KPMG, and AKRF Inc. will manage the environmental analysis. The group’s efforts are expected to facilitate the P3 delivery process for attracting private sector funds.

To facilitate the process, the USDOT has awarded a $43 million grant for early planning and engineering work. In fact, theSecretary Duffy confirmed the federal government’s takeover of the project management, which represents a new phase for coordination between Amtrak, the New York State government, and the city’s stakeholders.

NYC Penn Station Project Defines a New Model for U.S. Infrastructure

The transformation plan targets the enhancement of passenger movement and accessibility of the stations. An optimization study will be carried out to identify the design options for the management of the passenger growth in the Northeast Corridor.

Duffy said the project marks the beginning of a new generation of public-private partnership for infrastructure projects on a very large scale. He said, “We seek the brightest partners who could create a faster, smarter, and sustainable station for millions of Americans.”

In an interview, Andy Byford, Amtrak’s Board special advisor, termed the process of transformation ‘‘the most ambitious rail redevelopment in U.S. history.’’ He highlighted the importance of careful selection of partners for the process to stay within budget and complete within time.

Acela Express officials are of the view that this venture will improve mobility, foster economic growth, and establish a new level of excellence for station renovations at the national level.

Source: www.progressiverailroading.com

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What is the NYC Penn Station project?

The NYC Penn Station project is a $7 billion federal transformation program led by Amtrak and USDOT to rebuild and modernize America’s busiest passenger rail terminal.

How much funding has the NYC Penn Station project received?

USDOT awarded a $43 million federal grant to support early engineering and environmental work ahead of full construction.

When will construction of the Penn Station transformation begin?

Amtrak and USDOT plan to start major construction by the end of 2027, following the selection of a master developer.

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