We give a new construction of the uniform infinite half‐planar quadrangulation with a general boundary (or UIHPQ), analogous to the construction of the UIPQ presented by Chassaing and Durhuus, which allows us to perform a detailed study of its geometry. We show that the process of distances to the root vertex read along the boundary contour of the UIHPQ evolves as a particularly simple Markov chain and converges to a pair of independent Bessel processes of dimension 5 in the scaling limit. We study the “pencil” of infinite geodesics issued from the root vertex as reported by Curien, Ménard, and Miermont and prove that it induces a decomposition of the UIHPQ into 3 independent submaps. We are also able to prove that balls of large radius around the root are on average 7/9 times as large as those in the UIPQ, both in the UIHPQ and in the UIHPQ with a simple boundary; this fact we use in a companion paper to study self‐avoiding walks on large quadrangulations.