The package failed to load due to error 0xC0011008

Hi,

Am getting the error below when I am importing a project from a server onto a local machine. 

The package failed to load due to error 0xC0011008 "Error loading from XML. No further detailed error information can be specified for this problem because no Events object was passed where detailed error information can be stored.". This occurs when CPackage::LoadFromXML fails.

The server has MS SQL Server 2012. Local machine has SQL server 2012 and VS 2010 SSDT.

Please help me with resolution.

Thanks,