Japan’s Mitsubishi UFJ Financial Group ( MUFG ) has arranged a capex financing to fund 240 new electric buses and 11 new depots for Belgian bus operator Hansea.

As part of its energy transition plan, Hansea aims to convert 80% of its public transport bus fleet to zero-emission status by 2030 and 100% by 2035.

This latest financing will expand the company’s business platform in Belgium following successful tender wins. MUFG EMEA acted as the arranger, lender, and hedge provider on the deal.

“We are pleased to support Hansea, and their shareholder, DWS Group Infrastructure, as they progress on their journey to a 100% zero-emission fleet,“ says Robert Bartlett, head of structured finance, infrastructure, at MUFG EMEA.

“This transaction further reinforces MUFG EMEA’s expertise in the transport transition space, having financed 15 transport transition projects since 2020.”

Hansea’s chief financial officer Dominique Waeytens adds: “The consistent and broad financial support from MUFG on our road to net zero has been a key enabler of our decarbonization programme. We look forward to further developing our partnership, as we continue to transition our fleet in line with our customers’ expectations.”

The buses are being supplied by MAN Truck & Bus, which officially signed the order at Hansea’s headquarters in Antwerp. Delivery is expected in the second half of this year and in 2026.

Hansea is the largest independent private bus company in Belgium. In addition to public transport companies De Lijn and TEC, Hansea also counts large industrial companies, governments, railroads, schools, and travel agencies among its customer base.