meaning of 'renew' in the sentence

sentence-meaning

The answer is yes to both questions. Google research showed that Canada government already put $100 million for 2008-2013, and they are putting another $100 million for 2013-2020 (https://www.nrcan.gc.ca/earth-sciences/resources/federal-programs/geomapping-energy-minerals/18215). The usage of 'renewed' is thus correct.

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