Federal officials announced a timeline Wednesday for the long-awaited renovation of Penn Station, saying proposals for the project will be accepted starting in October.

A developer is expected to be selected by May, with construction targeted to begin by the end of 2027, according to officials.

What You Need To Know

  • A developer is expected to be selected by May, with construction targeted to begin by the end of 2027, according to officials

  • The Trump administration took over the project from the MTA in May, citing an inability to complete it on time and on budget

  • Transportation Secretary Sean Duffy said the multibillion-dollar project will be jumpstarted with a $43 million federal grant

Former MTA chief Andy Byford has been tapped by Amtrak, which owns the station, to lead the project.

"Now two years, end of 2027, that might seem like a long way away. But trust me, I've done this in a few locations around the world. For a project of this complexity and magnitude, it's just around the corner,” Byford said. “We can't wait any longer to transform this station for the better because that's what New York deserves and that's what this great country deserves.”

The Trump administration took over the project from the MTA in May, citing an inability to complete it on time and on budget. Gov. Kathy Hochul and the MTA have both expressed support for the move.

U.S. Transportation Secretary Sean Duffy said the multibillion-dollar project will be jumpstarted with a $43 million federal grant.

"This project is not the easiest of projects to undertake. This is a complicated project, which is probably why there's a lot of conversation about it. A lot of drawings about it. But nothing has ever happened because it's hard," Duffy said.

He pledged the overhaul would be delivered for the current generation of train riders, not for their children or grandchildren.