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<p>The Secretary of State for Transport and the CAA regularly meet with Heathrow Airport
Limited to discuss a number of issues, including the preference for expansion via
a new Northwest Runway at Heathrow Airport.</p><p> </p><p>The period of further consultation
on the revised draft Airports National Policy Statement has now closed, and the Department
will consider all responses made to both periods of consultations before deciding
on next steps.</p><p> </p><p>The CAA has also started the process to define the shape
and nature of a regulatory settlement, including examining the potential impacts of
any expansion. It has done so through a series of public consultations, the latest
<a href="https://www.caa.co.uk/CAP1610" target="_blank">CAP1610</a> is currently out
for comment.</p><p> </p><p>Lastly, The Airports Commission considered the effects
of expansion on Heathrow’s Regulatory Asset Base as part of its assessment of financeability.
The Government subsequently validated that work.</p>
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