BEIJING - China will spend more than 62.54 billion yuan (about $9.48 billion) in repairing and consolidating its legions of dangerous small reservoirs across the country in the forth coming five years.

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That was learned from a statement released on conclusion of an executive meeting of the State Council held on Tuesday. The meeting was presided over by Premier Wen Jiabao.

The spending plan is considered as a part of the country's unremitting efforts to reinforce water conservation works as an effective way to combat increasingly frequent natural disasters such as floods and drought.