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10/31/2025
Amtrak and U.S. Transportation Secretary Sean Duffy yesterday announced three significant achievements on the $7 billion York City Penn Station redevelopment project, keeping the effort on track for construction to begin by the end of 2027.
According to Duffy, the U.S. Department of Transportation in partnership with Amtrak has:• released the solicitation for the project’s master developer, inviting interested parties to submit letters of interest through Amtrak’s procurement portal; • selected public-private partnership (P3) advisers to help structure the project approach and agreements: Hunton Andrews Kurth LLP is the legal adviser; KPMG is the financial adviser; and AKRF Inc. is the project’s environmental consultant; and• initiated the project's service optimization study to examine ways to accommodate passenger service growth at the station and the surrounding region.
The advisers will also support shaping a P3 strategy to attract private investment, streamline approvals and evaluate innovative solutions for the project, according to an Amtrak press release. By identifying funding opportunities, maximizing revenue potential and proactively managing risks, the advisors will help ensure this critical infrastructure project stays on schedule, under budget, Duffy and USDOT officials said.
"This will be one of the biggest and most significant construction projects in U.S. history, and we want the most skilled and knowledgeable partners to help make it a success,” said Andy Byford, special adviser to Amtrak's board, in the press release. “By working with the private sector, we will be working with advisers who focus on the project’s goals while minimizing costs for taxpayers.”