The Board of the Foundation exercises the functions of representation, governance and administration. The Commission of Government is the organ delegated by the Board and it is responsible for the day-to-day management of the Foundation.

The members of the Board are:

	Renfe Operadora			Administrador de Infraestructuras Ferroviarias
				Adif Alta Velocidad
	Eusko Trenbideak / Ferrocarriles Vascos			Ferrocarrils de la Generalitat de Catalunya
	Ferrocarrils de la Generalitat Valenciana			Serveis Ferroviaris de Mallorca
	Euskal Trenbide Sarea / Red Ferroviaria Vasca			Metro de Madrid
	Asociación de Acción Ferroviaria			Redalsa
	Puertos del Estado			Asociación Turística Ferroviaria