We describe the design, fabrication, and characteristics of a push-pull type ridged Ti:LiNbO3 optical modulator with two electrodes. The structure keeps microwave propagation loss low and enables a large interaction between microwaves and optical waves under the condition of velocity and impedance matching, resulting in a large modulation bandwidth and low driving voltage. Using this structure, we have developed an optical intensity modulator with an optical 3-dB bandwidth of 45 GHz (an electrical 3-dB bandwidth of 30 GHz) and a half-wave voltage of 3.9 V in single-electdoe operation (a half-wave voltage of 1.95 V in push-pull operation)at a wavelength of 1.55µm.