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Toll road operator BrisConnections Units Trusts (ASX:BCS) has indefinitely placed its shares in a trading halt today as it commences formal discussions with its lenders.
Its Brisbane Airport Link tunnel has not met traffic forecasts since its opening in July. Two directors quit the board yesterday.
The company has warned it could be worth less than its debts.
BrisConnections generated a net profit of $35 million in the 2012 financial year.
