UCI president Pat McQuaid said he was "sickened" by the USADA report which accused Lance Armstrong of "the most sophisticated, professionalised and successful doping programme that sport has ever seen".
Mr McQuaid said the American, whose results in the sport since 1998 have been wiped away as a result of the UCI's ban, "has no place in cycling".
A 30ft effigy of the disgraced cyclist wearing a Jim'll Fix It badge will be torched in front of thousands of people on Saturday night.
The UCI confirmed Lance Armstrong's lifetime ban and stripping of his Tour titles, but defended itself in cycling's "worst" doping scandal.
Nike has dropped their sponsorship deal with Lance Armstrong as the disgraced cyclist quits his own charity.