An inner oil passage (45) is formed inside a slidable spool (22). The slidable spool (22) defines, in its circumferential face, a first opening (46), a second opening (47) and a third opening (48). The first opening (46), the second opening (47) and the third opening (48) are communicated to the inner oil passage (45). When the slidable spool (22) is switched to a floating position (F), the first the first opening (46) is aligned with a first port end portion (25a), the second opening (47) is aligned with a second port end portion (26a), and the third opening (48) is aligned with a fourth port end portion (24a), respectively, and a first cylinder port and a second cylinder port are communicated to a tank port (24) via the inner oil passage (45).