Astm: leading a $7 billion mega-project for New York’s Penn Station
Redevelopment work is due to start in 2027
The Astm Group has been awarded the contract and will lead the major project in New York to redevelop ‘Penn Station’, the rail hub which attracts over 600,000 visitors a day. The total estimated value of the project is around 7 billion dollars, with work due to start in 2027 and be completed by 2034. Through its US subsidiary
Halmar Infrastructure Development, in partnership with the Swedish firm Skanska and Astm, has been selected as the Master Developer for the redevelopment of this crucial railway hub, situated in the heart of Manhattan and connected to Madison Square Garden. The project to redevelop New York’s Penn Station is being led by Amtrak, the main
a public railway operator in the United States and the owner of the station itself, in collaboration with
with the US Department of Transport.
