Following a government decision, a new model for the management and financing of the road infrastructures sector was defined in 2007 and is now being implemented. The national road agency (Estradas de Portugal or EP, EPE) was transformed into a state-owned public company, Estradas de Portugal, SA (EP, SA), and a new body, the Institute for Road Infrastructures (InIR), was created with public functions of regulation and supervision of road infrastructures.