Transportation Department Pumps Another $200 Million Into New York’s Penn Station Rebuild

The U.S. Transportation Department chooses Halmar, a construction company based in Nanuet, and Swedish corporation Skanska to build the new station.

Commuters exit Penn Station in New York City on May 19, 2026. Eduardo Munoz/Reuters

The U.S. Department of Transportation (USDOT) stated on May 20 that it would pump another $200 million into the rebuild of Penn Station in New York City.

Penn Station is New York City’s main hub for trains traveling across the country, with tracks linking the city to Boston, Washington, Philadelphia, Baltimore, and beyond. It is also a commuter hub, with many workers traveling to the city by train from New Jersey and Long Island, New York.