Solutions
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valcop's post in Game Crashes on "Loading and Populating Game World was marked as the answerI found the issue, it was the beanbag DLC, which appears to not work with the new game version. I have since removed it and the game is working again.
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valcop's post in Cars Are Disappearing in Traffic... (Not LOD Related) was marked as the answerSolved! Just copy the non-mods folder update.rpf file into the mods folder.