Amtrak, US DOT Drive $7B York City Penn Station Redevelopment

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Introduction

Amtrak and U.S. Transportation Secretary Sean Duffy announced three key developments for the $7 billion York City Penn Station redevelopment project, with construction slated to commence by the close of 2027.

Project Solicitation

The U.S. Department of Transportation, in collaboration with Amtrak, has issued a solicitation for the master developer of the project. Interested parties are invited to submit letters of interest via Amtrak’s procurement portal.

Advisory Team Selection

Public-private partnership (P3) advisors have been chosen to assist in structuring the project approach and agreements. The legal advisor is Hunton Andrews Kurth LLP, the financial advisor is KPMG, and AKRF Inc. serves as the project’s environmental consultant.

Service Optimization Study

A service optimization study has been initiated to assess methods for accommodating passenger service expansion at the station and in the surrounding area.

Conclusion

Amtrak and the U.S. Department of Transportation have made announcements regarding the $7 billion York City Penn Station redevelopment project, including the release of a solicitation for a master developer, the selection of P3 advisors, and the initiation of a service optimization study. Construction is planned to begin by the end of 2027.

Company Summary

Amtrak: Amtrak is a passenger railroad service in the United States.

KPMG: KPMG is a global network of professional firms providing audit, tax and advisory services.

Hunton Andrews Kurth LLP: Hunton Andrews Kurth LLP is a global law firm.

AKRF Inc.: AKRF Inc. is a project’s environmental consultant.

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