Search company, investor...
Search
City Link company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

city-link.co.uk

Founded Year

1969

Stage

Acq - Fin | Alive

Valuation

$0000 

Revenue

$0000 

About City Link

City Link is a UK-based premium express delivery company, providing high quality, flexible and innovative service solutions across the UK, Ireland and Worldwide.In April 2013, City Link was acquired by Better Capital. The valuation of City Link was $1.54 million. Other terms of the deal were not released.

City Link Headquarters Location

Coventry Airpark Siskin Parkway West

Coventry, England, CV3 4PA,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest City Link News

Two consortiums qualify to compete for $5.5B Green Line contract

Jul 29, 2022

Two consortiums qualify to compete for $5.5B Green Line contract Back to video The city announced Friday that Bow Transit Connectors, led by Barnard Constructors of Canada, and City Link Partners, led by Aecon Infrastructure Management Inc., have each qualified to bid on Phase 1 of the Green Line. This phase of the project is expected to cost $5.5 billion, and will include a tunnel under the downtown. Green Line CEO Darshpreet Bhatti said he couldn’t be more satisfied with the outcome he’s seen. “Both teams are amalgamations of very strong partners, providing a broad spectrum of all types of skill sets we would need to see the Green Line successfully delivered,” said Bhatti. He explained that in a project of this magnitude, there are not many companies in the world that are qualified to take it on. Even then, it’s not unusual for multiple firms to come together and form consortiums to work on bids, as has happened here. Advertisement 3 Article content Green Line CEO Darshpreet Bhatti says the market’s confidence in the project is high. Photo by Azin Ghaffari/Postmedia He said Barnard Constructors are known worldwide for their tunnelling expertise, while Aecon has a lot of experience on transit projects in particular. Don Fairbairn, chair of the Green Line board, said the two consortiums that have qualified for bidding are both very strong teams. “With extensive competition due to record investment in global transit, to have attracted their collective expertise is a great endorsement of the project,” said Fairbairn. In a release Mayor Jyoti Gondek said Friday’s announcement was a very strong step for the Green Line, and that it speaks to the work done by the city to collaborate with industry to drive interest and investment. Phase 1 of the Green Line will be the largest infrastructure project in Calgary’s history. The winning team will build the 18-kilometre core of the Green Line to support future expansion to the north and south. Advertisement 4 Article content Bhatti said there is a lot of major infrastructure work available around the world right now for companies such as these, so getting two qualified consortiums competing for the project shows the market sees promise in the project. “We have a good governance structure in place and then we have all the funding partners aligned and we want to deliver it,” said Bhatti. “It was a challenge. But over the last six, seven months, we’ve been able to convey that message very clearly to the market. And they responded.” Faith in the project wasn’t always this strong. In 2020 the province was wavering on its commitment to share in the funding costs. In December of 2020, the city paused the project due to those uncertainties . Article content Prime Minister Justin Trudeau, centre, poses with Calgary city councillors and then-mayor Naheed Nenshi on July 7, 2021. Photo by Jim Wells/Postmedia Because the project is so large and potentially complicated, companies had to apply just to become qualified to bid. The next step will come in the fall, as the Request for Proposals goes out to the two consortiums by the end of September. Bhatti said the city should have their proposals to the city before the end of the year, and one of the two will be awarded the contract in early 2023. That will launch the beginning of a year-long development phase. He said it will be slightly unusual because the city will work closely with the winning firm during the design phase. “We will actually have full insight into how they will be designing and how they price it, which is not common in a traditional design build finance approach,” said Bhatti. While the two consortiums are led by multinational companies, Bhatti said once ground breaks on the project, hopefully in early 2024, it will be local trades and subcontractors doing much of the work, and local suppliers providing the materials. Share this Story: Two consortiums qualify to compete for $5.5B Green Line contract

  • When was City Link founded?

    City Link was founded in 1969.

  • Where is City Link's headquarters?

    City Link's headquarters is located at Coventry Airpark, Coventry.

  • What is City Link's latest funding round?

    City Link's latest funding round is Acq - Fin.

  • Who are the investors of City Link?

    Investors of City Link include Better Capital and Rentokil Initial.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.