The trust will allot around 150 acres of land at Hare Island located within the port for companies to set up large facilities.
The shore area of the site is suitable for constructing shallow draught jetty to handle lighterage vessels/barges transportation of bulk cargo from the deep-draught vessels anchored at 18 metres depth.
The present operating draught at Tuticoirn is 10.7 metres and will be enhanced to 12.8 metres during 2009-10.
A traffic forecast study says that the port is likely to handle around 50 million tonnes of cargo during 2011 to 2012 and 100 million tonnes in 2020 to 2021.