By Landau's approach developed for description of superfluidity of 2He, we derive a mathematical model for a poroelastic medium saturated with a two-phase capillary fluid. The model describes a three-velocity continuum with conservation laws which obey the basic principles of thermodynamics and which are consistent with the Galilean transformations. In contrast to Biot' linear theory, the equations derived allow for finite deformations. As the acoustic analysis reveals, there is one more longitudinal wave in comparison with the poroelastic medium saturated with a one-phase fluid. We prove that such a result is due to surface tension
