Paris - French transport technology company Thales said Tuesday it had signed a contract in Saudi Arabia to provide a train control system for the North-South Railway project.

The contract, which was signed in cooperation with the Saudi BinLadin Group, is worth 340 million euros (451 million dollars), Thales said.

As part of the project, Thales is supplying main line signalling, telecommunication, supervision, security and fare collection systems, while the BinLadin Group will carry out the construction.

The new line covers some 2,400 kilometres and is expected to be operational by 2013.(dpa)