My only concern here is for all the talk of wanting to remove the tracks as they're a hazard for cyclists, in that case they should be resurfacing the whole road, not just where the track was, as if anything potholes, sunken drains, etc. are also hazardous to them and tend to occur mostly at the edges. I don't know though if they plan to come back and resurface those sections later?
Because you've dug a lot out, you'd normally leave it to settle for a few months before putting a final top layer on. I think it is cheaper that way.