I fixed the error by changing following files:
vwd.webinfo
(added useClassicPipelineMode
tag):
<?xml version="1.0"?>
<!--
Visual Studio global web project settings.
-->
<VisualWebDeveloper>
<iisExpressSettings windowsAuthentication="enabled" anonymousAuthentication="enabled" useClassicPipelineMode="true"/>
</VisualWebDeveloper>
Web.config
:
<system.webServer>
<validation validateIntegratedModeConfiguration="false"/>
</system.webServer>