Amtrak is the sole owner of NY Penn station but the LIRR and NJ Transit account for 92% of the use. Of the 1000 trains that arrive and depart at Penn station less than 100 are Amtrak. NJT and LIRR account for most of the wear, use and the federal gov't will pay the bill for the track upgrades. The truth is that Penn station has been overloaded far beyond capacity for the last 20 years. New Hudson river tunnels and a new station are needed but all we hear from are the crabby incompetent politicians in NY and NJ that want to farm the work out to their political donors.
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