Tuesday, November 13, 2012

Shares in the troubled toll road operator BrisConnections have been suspended from trade indefinitely, pending talks with its lenders.

The company could not give a timeframe for the talks, but said the negotiations would be "complex".

Since opening in July, the company's Brisbane Airport Link tunnel has only met half of its traffic target.

Yesterday, two directors quit the board and shares were placed in a halt after BrisConnections warned investors the company may be worth less than its debts.

Topics: company-news, road-transport, brisbane-4000

First posted Tue Nov 13, 2012 9:54am AEDT

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