Skanska enters into an agreement for early contractor involvement with Penn Transformation Partners
United States, June 23 -- Skanska and Halmar, a 50/50 consortium operating as Penn Transformation Partners DevCo, LLC (PTP), has formally been appointed by Amtrak as the Master Developer of the Penn Station Transformation Project in New York, USA, and entered into a Pre-Development Agreement (PDA) with Amtrak in partnership with the U.S. Department of Transportation (USDOT). In conjunction with signing the PDA, PTP has signed an agreement with a 55/45 construction joint venture between Skanska and Halmar for early contractor involvement worth USD 125M. Skanska will include its share worth about USD 70M, about SEK 630M, in the U.S. order bookings for the second quarter of 2026.The objective of the PDA is to advance design, planning and permi...
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