The subject of the study is the process of forming government’s infrastructural policy in the context of implementation of large national reconstruction and development projects. The purpose of the article is to form a comprehensive and systematic approach to planning, management and rebuilding of the Ukrainian infrastructure lost in result of a large–scale invasion. Methodology. The research is based on the structural–logical method, which made it possible to generalize and compile key principles of formation and implementation of state infrastructure policy. The system method, as well as a number of general scientific methods – analysis, synthesis, induction and deduction, graphical presentation of results – have also found their application. Results. The article looks into basic principles and approaches to formation of modern state infrastructure policy, which can be useful for large projects of post–war infrastructure rebuilding in Ukraine. These principles include: strategic planning, understanding demand for infrastructure services, taking into account non–economic factors, avoiding adverse effects on environment, considering circular economy and minimizing carbon emissions, ensuring inclusiveness and favorable conditions for communities, ensuring benefits at the regional level, financial and fiscal stability, transparent decision–making, establishing the key performance indicators (KPI) and regular monitoring of infrastructure performance. Area of application. The results of this study can be used in preparation of information and analytical materials on state infrastructure policy and in the development of the national strategy for the post–war infrastructure rebuild of Ukraine. Conclusions. Government remains the major driver of infrastructural development, on the one hand, as the largest customer for facilities construction, and, on the other hand, as a regulator that establishes rules and directions for infrastructure development through the institutional and legal mechanisms in accordance with key current challenges (large–scale rebuild of infrastructure to restart the economy in post–war period, the fight against climate change, regional development, etc.). An effective policy in this area requires the observance of a number of principles to achieve systematic success, according to socially, economically and ecologically desirable results from infrastructural development.