Northeastern University Parking Concession

In January 2019, QIC acquired the parking system of Boston’s Northeastern University.

Client background

QIC and Northeastern University have entered into a 50-year partnership providing for QIC’s investment in the University’s campus-wide parking system and potential future mobility services.

Under the agreement, QIC Global Infrastructure has formed MasParc and Mobility LLC (MasParc), a new company that will oversee all aspects of the parking system at Northeastern, a large, urban university in the heart of Boston, Massachusetts, with enrolment of approximately 26,000 students

Our Role

Mazars was appointed to build a brand new corporate model for the MasParc

 Project outcomes

Mazars developed the Model for QIC which catered to the:

• Development of a transparent and user-friendly financial model allowing for detailed scenario analysis;
• Incorporation of integrity and signal checks, consolidated into a summary section within the model; and
• The ability to do scenario and sensitivity analysis, especially on the main drivers of the project’s revenue, and operating expenses.