Northeastern University Parking Concession

Northeastern University Parking Concession


Tuesday 4th February 2020

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.