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) said on May 20 it would pump another $200 million into the rebuild of Penn Station in New York.

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 Long Island and New Jersey.