Treasurer Joe Hockey will travel to Beijing on Monday to formally sign up to the Asian Infrastructure Investment Bank, joining 56 other countries in sealing the deal.

Mr Hockey has been in intense negotiations to clear up any remaining concerns over the structure of the $US100 billion ($A129.25 billion) development bank for the Asian region.

• Dual national terrorists to lose citizenship
• Government urgently moves to close loophole
• Life ban for greyhound live-baiter

“We are absolutely satisfied that the governance arrangements now in place will ensure there is appropriate transparency and accountability in the bank,” Mr Hockey told Sky News on Wednesday.

The new bank will work with the Asian Development Bank, the World Bank and a range of other banks to satisfy an estimated $US8 trillion ($A10.34 trillion) infrastructure shortfall in Asia over the next 10 years.

Mr Hockey said if there are more ports, railways and essential infrastructure in Asia it means Australia can get its raw produce into these markets.

“It is a significant opportunity for Australia,” he said.

– AAP