Skanska named preferred bidder for New York Penn Station transformation project

  • Skanska, through Penn Transformation Partners with Halmar, was named preferred bidder by USDOT and Amtrak to serve as master developer for the New York Penn Station Transformation Project.
  • The selection opens exclusive negotiations with Amtrak to finalize a predevelopment agreement, with order booking contingent on execution.
  • The predevelopment work runs through end-2027, covering contract negotiations, preconstruction services, permitting, and design advancement.
  • The project is intended to move into a public-private partnership using a design-build-finance-operate-maintain model to modernize and expand capacity at Penn Station.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skanska AB published the original content used to generate this news brief via Cision (Ref. ID: 202605220130BITN____UKPR__EN_20260522-BIT-5857-0) on May 22, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.