The Federal Railroad Administration has taken over the $7 billion renovation of New York City’s Penn Station from the Metropolitan Transportation Authority. Transportation Secretary Sean Duffy announced this decision, stating it would save taxpayers approximately $120 million. According to Duffy, the MTA’s history of inefficiency necessitates a new approach to ensure funds are used wisely. The Trump administration supports a public-private partnership model for the renovation, aiming to minimize financial risks for U.S. taxpayers. Amtrak, which owns Penn Station and serves over 10 million passengers annually, will now lead the project under federal oversight. This move is expected to create a safer and more modern transportation hub for the nation’s financial capital. Governor Hochul expressed gratitude for federal funding, noting it as a significant win for New Yorkers, saving state taxpayers $1.3 billion. — new from upi.com