The Governing Board mainly performs the following duties and powers in accordance with the regulations in force:

1. approve its own rules of organisation and operation;
2. approves AGIFER's internal regulations;
3. approves the development or modernisation strategy of AGIFER;
4. proposes for approval to the Minister of Transport the organisational structure of AGIFER or, if necessary, its modification;
5. approves the annual report of AGIFER's activities for submission to the European Railway Agency;
6. ensures the negotiation of the collective labour contract with the representatives of the employees, under the terms of the law;
7. approves the draft income and expenditure budget, ensures its execution after its approval and establishes measures for carrying out the activity in conditions of balancing the budget;
8. approves the investments to be made by AGIFER under the terms of the law;
9. approves the increase or decrease of AGIFER's assets, in accordance with the law;
10. establishes and submits for approval to the Minister of Transport the tariffs for the provision of services;
11. approves the rental of buildings, premises and land of AGIFER;
12. approves, under the conditions laid down by the regulations in force, the decommissioning and the exploitation of assets belonging to AGIFER, with the prior approval of the Chief Authorising Officer;
13. exercise any other powers assigned to it by the regulations in force.