The Trump administration has restructured the leadership of the $7 billion Penn Station redevelopment project, shifting control from New York's MTA to federal entities, Amtrak and the DOT. This change promotes a public-private partnership approach aimed at accelerating the project's timeline and reducing costs. The DOT anticipates that this new model will enhance efficiency and the quality of the infrastructure. Although the MTA has lost leadership, it will continue to be involved in future phases. The shift is expected to save taxpayers an estimated $120 million.
The Trump administration has removed New York's Metropolitan Transportation Authority from leadership of the $7 billion Penn Station redevelopment project, transferring control to Amtrak and the DOT.
The DOT said the new approach will 'drive efficiencies, reduce costs and deliver results faster than traditional government-led projects.'
Under President Trump's vision, we're restoring accountability to infrastructure projects. By empowering Amtrak and leveraging private investment, we're guaranteeing a Penn Station that's safer, more reliable.
We're glad the federal government is focusing on [Penn Station] now. As the major leaseholder in the station, we expect to participate in the administration's and Amtrak's efforts.
Collection
[
|
...
]