SINGAPORE - Sino-Singapore Tianjin Eco-city Investment and Development (SSTEC) will have a new chief executive in Mr Tay Lim Heng, Keppel Corporation announced on Tuesday (Sept 13).

Mr Tay, who is Keppel Corporation's director of group risk and compliance, will take up his new position on Oct 1 and serve concurrently as adviser on eco-city matters in the Ministry of National Development.

He replaces current CEO Liew Choon Boon, who has resigned for personal reasons.

SSTEC is a joint venture between a Singapore consortium led by the Keppel Group and a Chinese consortium led by Tianjin TEDA Investment Holding.

It is the master developer of the Sino-Singapore Tianjin Eco-city, an environmentally friendly city in the Chinese port city of Tianjin.

Keppel Corporation CEO Loh Chin Hua said in a statement: "Lim Heng has been involved in the Sino-Singapore Tianjin Eco-City project in different capacities since 2009.

"He brings to the project a wide range of experience from both the Keppel Group and the public sector."

The eco-city broke ground in September 2008 and is aiming to build an environment-friendly city for 350,000 residents on a 30 sq km site in the coastal Tianjin city.

The number of people living and working in the SSTEC has more than doubled from 20,000 in 2014 to over 50,000 this year. There are about 3,500 registered companies in the eco city.

Note: This story has been edited for clarity.