OK so there is a need to "balance fairness with inclusivity". The only way that they can be "inclusive" is to allow male bodied cyclists to complete in women's races. This means that there is a requirement to address "fairness" to eliminate male bodied advantage. The opportunities here are endless. They could apply any of the following to male bodied competitors:
Your tyres cannot be inflated to more than 1psi.
You have to wear an anti-gas respirator throughout the race.
You are not allowed a bicycle seat.
You have to wear a 30Kg backpack throughout the race.
Your bicycle must have octagonal wheels.
You are only allowed one bicycle pedal.
I'm sure that a fair solution can be found.