Denzel advised the Ministry of Finance and the National Development and Reform Commission (NDRC) on drafts of their PPP regulations and international practice in assessing Value-for-Money, assessing fiscal risk associated with PPPs, and risk mitigation techniques for PPPs. He also provided advice to a local government looking to restructure its PPP for wastewater treatment. As part of this advice he described options for renegotiating, or terminating and re-tendering the existing contract.