Abstract: A hydraulic actuator for a gate or like valve such as the main steam isolation valve in an electric power plant characterized in that the actuator is a compact self-contained unit secured to the valve housing and comprises a hydraulic cylinder having its piston rod connected to the movable valve member to open or close the valve, an air-driven hydraulic pump for pressurizing dual hydraulic circuits (active and standby) each of which includes an accumulator, an air-piloted accumulator control valve, an air-piloted directional control valve for the hydraulic cylinder, and solenoid-operated pilot valves for said control valves in a pneumatic circuit including an air pressure reservoir. The hydraulic actuator is further characterized in that fast closing or opening of the valve is achieved by combined accumulator and pump discharge through the directional control valve and slow opening of the valve is achieved by pump discharge alone.