Abstract: The present invention includes a hydraulic pump 10 driven by a prime mover 1, a traveling motor 12 driven with pressure oil delivered from the hydraulic pump 10, a control valve 11 for traveling that controls a flow rate of the pressure oil delivered from the hydraulic pump 10 to the traveling motor 12, a counterbalance valve 13 switched in response to a motor load pressure supplied via the control valve 11, that generates a braking pressure at a conduit L1A or L1B disposed on a return side of the traveling motor 12 as the load pressure becomes lower, an overspeed detection means 42 for detecting an overspeed state in the traveling motor 12, and a motor overspeed inhibiting means 50 for inhibiting rotation of the traveling motor 12 if the overspeed detection means 42 detects an overspeed state in the traveling motor 12 until a braking pressure is generated through a switchover at the counterbalance valve 13 and the traveling motor 12 is no longer in the overspeed state.