The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer.
Cipriano and Andy Byford, special advisor to Amtrak’s board who is overseeing the rehabilitation, gave updates to reporters on Monday about the efforts to revamp the busiest rail hub in the western hemisphere. It will cost about $7 billion, and construction is expected to start by the end of 2027 and finish in six years.
Byford said the project ...
