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PARIS, Aug 6 (Reuters) - Debt-throttled Alstom (Paris:ALSO.PA - News) on Wednesday unveiled a 3.4 billion euro ($3.85 billion) state-backed bailout that staves off bankruptcy and hands the French government a 31.5 percent stake in the industrial titan.

In a pact that is already raising eyebrows in Brussels, the maker of trains, cruise ships and gas turbines said it had secured 1.3 billion euros in credit lines, mostly from its banks, plus state backing for a planned capital increase, short-term survival funds and a convertible bond.

"We warned the state about the consequences the bankruptcy of Alstom would have on France's industry, jobs and financial system," Chairman and Chief Executive Patrick Kron told a news conference."Without this plan we would have hit a wall."

He said the government was keen to safeguard national industrial icons like the ultra-fast TGV trains and Europe's top shipyard, Chantiers de l'Atlantique.