Abstract. Let M be a smooth manifold with boundary ∂M and interior M . Consider an affine connection ∇ on M for which the boundary is at infinity. Then ∇ is projectively compact of order α if the projective structure defined by ∇ smoothly extends to all of M in a specific way that depends on no particular choice of boundary defining function. Via the Levi-Civita connection, this concept applies to pseudo-Riemannian metrics on M . We study the relation between interior geometry and the possibilities for compactification, and then develop the tools that describe the induced geometry on the boundary.We prove that a pseudo-Riemannian metric on M which is projectively compact of order two admits a certain asymptotic form. This form was known to be sufficient for projective compactness, so the result establishes that it provides an equivalent characterization.From a projectively compact connection on M , one obtains a projective structure on M , which induces a conformal class of (possibly degenerate) bundle metrics on the tangent bundle to the hypersurface ∂M . Using the asymptotic form, we prove that in the case of metrics, which are projectively compact of order two, this boundary structure is always non-degenerate. We also prove that in this case the metric is necessarily asymptotically Einstein, in a natural sense.Finally, a non-degenerate boundary geometry gives rise to a (conformal) standard tractor bundle endowed with a canonical linear connection, and we explicitly describe these in terms of the projective data of the interior geometry.