The first step in options analysis is to consider all available solutions for addressing the service need. The options should include identifying all potential methods that will meet the need, including non-asset solutions, using or adapting existing resources, and demand management strategies.
The options that are commonly adopted for analysis may include the following:
1. Existing asset based option
2. Non-asset based option
3. New asset based option
All of these help to deliver the required service/projects and may use existing assets, create new assets, or may require no new creation of assets.
| Three Main Options Available 1. Existing asset based option: The public entity needs to consider whether the existing assets held by the Government can be used to deliver the solution. This may involve the renewal, enhancement, replacement, adaptation, or reconfiguration of existing assets. Common examples are the development of properties under the Refurbish-Operate-Maintain and Transfer (ROMT) framework and the capacity augmentation of airports/ports, etc. 2. Non-asset based option: This involves delivering the necessary service without creating any additional assets but by reconfiguring the means of service delivery, developing initiatives to manage demand more effectively, or better using existing assets. Normally this solution requires improving the management of existing assets. One example of a non-asset based solution is a regulatory or policy change that allows for one way roads or no entry areas to better manage city traffic. This is more akin to introducing better management techniques to do away with the hurdles in traffic. 3. New asset based option: In this option, new investment in assets may be envisaged based on the need to update an outdated technology or when new technology is needed. Examples for new asset based options are the greenfield airports in Bangalore and Hyderabad and satellite townships around large growing cities such as the development of Naya Raipur to decongest Raipur. |
| Example of a solution using all three options in managing city traffic Reducing traffic congestion in a city may require all three options to tackle the problem effectively: • Existing Asset Solution: Widening of roads, enhancement in design, etc. • Non-Asset Solution: Traffic Police managing the traffic during peak hours, making the road one way and using any other link road to divert the traffic during peak hours • New Asset-Based Solution: A flyover or alternative/ bypass roads etc. |
The existing asset based option will result in the development of a brownfield project because it effectively improves an existing asset. Examples include developing the international airport at Chennai; augmenting the capacities of a water supply system network; or re-furbishing a tourism property.
The new asset option results in a greenfield project which has none of the constraints of a brownfield project. Examples are the development of a new international airport at Devanahalli, Bangalore and a new international airport at Hyderabad; the construction of a bulk water supply system in Naya Raipur; and the construction of a road stretch along a new alignment.