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This document sets out guidance to Heathrow Airport Limited (HAL) on its business plans for the period after the current arrangements are due to expire at the end of 2019. These plans will need to encompass both its existing business activities and the new runway capacity expansion. The CAA may update or revise this guidance from time to time.

This document also consults stakeholders on two specific issues: whether we should provide a financial incentive on HAL to develop a high quality business plan; and how best to align the regulatory and business planning timetables in light of developments with the wider process for runway capacity expansion.

We will publish a further consultation at the end of June 2017 on the regulatory framework for the price control review.

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