The group, which includes representatives of the port company, members of Limerick City Council, port users and other interested groups, is chaired by Mid-West Regional Authority director Tom Kirby.
He said yesterday: “We are starting out from scratch and every single proposal/submission regarding the future of Limerick port will be given due consideration.
“There is a great deal of optimism that this all-inclusive process will come up with the best option to drive Limerick city and the region in the years to come.”
An investigation is ongoing at SFPC into allegations made by a port user against the company’s chief executive Brian Byrne, who has been suspended on full pay.
Mr Byrne, who denies the allegations, claims they have arisen over his proposals to move on with the Limerick Docklands Initiative (LDI), which had the support of the company, the city council and Shannon Development.
LDI envisaged a plan to develop Limerick docks into a major commercial, retail and banking centre.
A number of major commercial interests made expressions of interest in LDI.
However, members of Limerick City Council clashed with the SFPC over the pace at which the LDI was proceeding.